The Analog Projection Clock is pretty cool as it is one device that acts as a bridge between the old and the new. It doesn't do digital numbers, but relies on the analog face of a clock instead to tell the time in old school style, Roman numerals and all. When placed approximately 10 feet away from the wall, the clock measures nearly 3' in diameter, so you can't exactly use this in a cramped apartment. Brightness levels and focus are fully adjustable to suit your preference. The clock itself is powered by a single AA battery, retailing for $100. Definitely an interesting housewarming gift to surprise your friend with.
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[Source: Ubergizmo]
