I'm sorry if this is old news buried down in one of the toy threads. I saw this in a thinkgeek email this morning and had to share it: Wristwatch RC 1:32 Mini Cooper S

Update: My birthday was last week and my wife actually gave me one of these. I'll try to take a few pictures and upload them to my gallery soon. Here's the scoop:

There is one die-cast shell of a mini cooper (not S) with doors that open and close. There is a plastic base that requires some assembly putting the wheels on the axles. This base is just a mock interior so you can have a freewheeling 1:32 model for display. The base attaches to the shell with one screw.

There is a second base that is pre-assembled and contains all the remote control bits. It also attaches to the shell with one screw. The shell's sunroof is actually transparent and serves as a window for the infrared detector. RC operation requires two AA batteries installed in the bottom of this base.

There is lastly a 'wrist watch' that serves as the infra red remote controller. It makes a lousy watch, but it's nice, small control unit. This watch requires 2 LR44 batteries. One pair is installed and a spare pair is provided. Also provided is a small phillips screw driver for changing bases and changing the AA batteries.

In the RC configuration, the mini looks a little odd, like it's jacked up on big spings or something. The RC operation is pretty good. Forward and back speeds are zippy. The steering is not proportional, but very functional. It's also hard to steer precisely because it requires holding forward or back down while pressing left or right. My steering didn't work at first. I think the motor or servo was stuck. After I fiddled with the steering actuator a little and put it back together, it worked.

The car makes lots of loud and cutesy sounds. It has an "alarm feature" . If you press the alarm button, you hear an alarm blip and the head and tail lights flash. Press it again and there's a double blip + lights. If the alarm is active, the power (start) button does nothing and the car won't move. If you try to pick it up with your hands, the alarm actually goes off! If the alarm is deactivated, you can press the power button and the sound of an engine cranking is heard. Then, it makes this cartoony idling sound the whole time it is 'running'. In this state, you can honk the horn and drive the car around. When moving forward, the headlights shine. Backward, the tail lights shine. If you press the power button again, the horn and movement stop and the car stops "idling".

All in all, a pretty cool birthday present.