Air Hogs Storm Launcher - R/C plane Boat.
This is an older AirHogs product from 2006 but it still looks pretty amazing for £20.00. (sticker says it used to be on sale for half price £30.00, now reduced to £20.00).
Check out the airhogs website for details - http://www.airhogs.com
(look for stormlauncher in the 2006 products).
Has some good reviews online.. used ot retail for £99 on http://www.paramountzone.com/hydro-foam-rc-boat-plane.htm
and has a review rating of 9.6 / 10.
My local store (Newbury) had about 10 of these out on display today - i was going to buy one for my cousin (age 10) but thought i'd best check it out online first.. now i might buy one for me instead!..
Hope this is of use to someone, i think it makes a cracking christmas present.