Raspberry Pi... £16 a bargain...
The Raspberry Pi includes the GPIO interface - there is a controller board coming out (don't know when) - video of it working here - really easy to program by the looks of it: Raspberry Pi's Gertboard expansion board already works (video)
I ordered a Rasp Pi yesterday from Farnell and and got the order confirmation email
Cost is £26 (includes shipping) ex VAT.
You can register your interest here Raspberry Pi at Farnell. They have a separate site which has more info Design Engineer Community | Online Electronic Resources and Support Homepage - element14
Looks like they are going to be selling bundles with cables, sd carRAB etc.