Well, maybe it’s not quite as fancy but for $20 you can get a surprisingly high quality telescope of Galileo’s design, plus some enhanced accessories.

http://www.galileoscope.org

Corners were cut to get the price down, but they were cut in the right places. Jupiter’s moons, Saturn’s rings etc. are readily viewable with this.

Here’s a post about it by Dr. Phil Plait, professional astronomer and blogger at Discover magazine:

http://blogs.discovermagazine.com/badastronomy/2009/08/24/i-got-my-galileoscopes/

(Note shipment *is* very slow, due to high demand and the fact that it’s a volunteer organization distributing these. It’s well worth the wait though).

I bought six telescopes, one for me & my wife, one for each of my kids, and three donated to the IYA2009 Donation Program.