Amazon has a great price available right now (their prices change often) on the KitchenAid KHB300 Hand Blender in white for only $49.99. This blender is typically $99.99 and has excellent reviews.
A great gift for those with small kitchens, this hand-held blender and its accessories take the place of several larger appliances. Included are a regular blending blade (which can be immersed 8 inches into soup pots or deep bowls), a wire whisk for beating eggs and batters, and an enclosed chopper for nuts, cheese, and fresh herbs. Also included are a four-cup mixing beaker with a snap-lock lid, useful for storing blended ingredients, as well as a drawstring bag to keep all the components together. KitchenAid covers the blender with a one-year, hassle-free replacement warranty.
Check it out here.