If you thought your childhood favorite Teddy Ruxpin was hot stuff, it ain't got nothing on the MP3-playing iTeddy. Reportedly, the UK-based critter is all set to launch today, and will be available in the Argos catalog for a respectable £59.99 ($123). The bear itself comes with a built-in LCD, integrated speakers, 512MB of internal memory, a rechargeable battery, detachable media player, an SD expansion slot, and a USB cable to load 'er up. Call us crazy, but this thing has the makings of a Tickle Me Elmo written all over it, so we'd get those orders placed as soon as humanly possible if you know your youngster(s) will be begging. Click on for a few more shots.