Here's a place where Muslims have used technology in a very creative way:
http://youtu.be/ejjf15HBLUk
This is but one product--there are actually several electronic Qurans that use the same technology. I have yet to see a single Bible like this, though.
The same technology is used in children's books, to help them read as well as create interactive books:
http://www.leapfrog.com/tag/
I could see it being a very useful tool for helping students learn how to read Greek and Hebrew. Such a device could be programmed in several languages, reading both Hebrew and Greek, as well as translate into any modern language--English, Spanish, French, German, Chinese, etc.
I know Logos is a software company, and hasn't made any hardware; however, I think such a device would be a Godsend to those of us trying to learn Greek and Hebrew.