Why are companies still making toy tablets?
A couple of years ago, this might have seemed like a good deal: give the kid a basic tablet that's less likely to break when they drop it, and protect your own iPad or Galaxy Tab. However, with the Kindle Fire now going for $159, there seems to be little need for a kids-only tablet -- especially given the wealth of media options available for the Fire, its new, better, parental controls, and its beefed up specs. Worried that the kid will drop it? Buy a case. You'll spend a little more than you would for the MEEP or Tabeo, but your kid will have a better tablet -- and in a pinch, you can use it too, something you might not be able to do with a kiddie tab.
What do you think?
The Nabi 2, on the other hand, is a vast improvement, and actually has the same processor as the Nexus 7, plus the microSD slot and mHDMI out that the N7 lacks. Only downside is that it doesn't include Google Play, but most of these kids tablets do not (the Tabeo doesn't). If you really want Google Play on your Nabi 2, you can root it - there are instructions on XDA-developers. With the Nabi 2 you can have it go to a kid-friendly mode, but you can also switch to stock ICS 4.0 and use it as you wish when your little one goes to sleep...
There are rumors of bits of such multi-user account structuring within Jellybean so I hope this shows up soon. It's really time for this to happen as tablets probably second only to the "computer room" or den family PC are the devices that all family members use from time to time.
I'd expect Apple to continue on expecting every individual to have a personal iPad, but who knows - maybe they're smart enough to add this to iOS.