I'm not sure my tech fu is up to the MSP one yet, but the Arduino is a lot of fun. I have managed to get the example circuits and modifications working, got it to read data from a 1-wire network and am now looking at getting it to control mains power for triggering heating controls.
Learning loads, having fun and haven't quite managed to fry anyting yet (though I did get a DS18S20 rather warm by inappropriate connectivity..)
All good fun. I might be getting a late Christmas present of a datalogging shield or an ethernet one..