My grandmother got the kids a nifty little combination record player, CD player, and tape deck. It's nothing fancy, but works really well - and a lot of the stuff we like was never released on CD, so it's handy. ;-) There are also a couple of local stores that sell used records for not much more than a buck or so apiece, except for really collectable ones.
I'd like one of those little players eventually. I don't think it was that pricey, even.
Haven't seen one of them, that would be handy, especially for the limited production or 'older' recordings. I actually plan on getting a few dvds of some of our favorite movies, the tapes are getting a bit worn.
Been Thinking about getting one of those for my Mom.