The Consumer Electronics Show, Las Vegas, saw a host of must-have gadgets being unveiled and according to CES President Gary Shapiro - today an area the size of 30 football fields showcases the latest products, from high definition TV’s, leopard skin laptops, to interactive video game furniture.

It is estimated that the average American consumer will have 26 gadgets and is likely to spend $1,500 on them a year, says Shapiro. The CES saw the LG DVD player the first player in the world that plays both Blue Ray and HD-DVD. Thereby beginning the end of the DVD format war.

Apple debuted its Apple TV a video box, touted as a bridge between computers, Internet and television sets.  Then its main draw - the media frenzy creating iPhone that is both an iPod and a phone with no keys.  The iPhone is expected to be a larger success than the iPod! So, definitely a great time at the CES this year.