- What he already has. I can't help you on this one.
- What is in assortments that are available from places like Sparkfun and Adafruit (and elexp). Sometimes, one of these will fit the bill and have a quantity discount. Other times, these will have a selection markup, and be more expensive than buying individually from a major distributor.
- What he needs for his specific discipline. There are related questions about EquipmentEquipment, RoboticsRobotics, Components in generalComponents in general, and ICs to Interface with MicrocontrollersICs to Interface with Microcontrollers.
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The Launchpad is much, much cheaper than pretty much any other development kit you'll find. Many dev kits are several hundred dollars - How much are you willing to spend?
In my opinion, a dev kit should:
Luminary Micro (aka TI/Stellaris) makes some evaluation kits which fit that bill today. I have the LM3S6965, which satisfies each of my above criteria, and has the components you specified: LCD, Ethernet, USB, and Cortex-M3. If you're reading this next Christmas, you'll have to re-evaluate the options.
In your search for an assortment of components, you should consider three things:
That should get you started on a component search.
As for hobbyist magazines, I'd strongly recommend Circuit Cellar. It's a good deal more advanced than Nuts and Volts, but shouldn't be over his head if he's already looking into ARM processors and high-voltage stuff. In fact, Nuts and Volts might be too simple at times, but Circuit Cellar will never be too basic. The goal is always to improve, right? Jerrry [sic] from Slashdot posted a good overview of the magazine options a while back that I just found when trying to remember how to spell Elektor, another option to consider.
But before you buy anything, consider what you want it to mean to him. If you buy him components, they'll go in the parts cabinet and be put into projects over time, and your impact will probably be forgotten. For an example outside of the electronics realm, would you rather he buy you socks or a pretty scarf? Socks are more basic to your hobby of keeping warm, but when you wear the scarf you'll think of him, and when you wear the socks you won't. With that motivation, ignoring the technical evaluations of dev kits, components, and magazines, I recommend that you look for something that could cause him to think of you. A subscription to a magazine would be good (for 30 seconds a month, then, if he's like me, he'd be distracted by the articles...), but a tool might be better. You didn't mention that he had a bench power supply or multimeter - These would be tools that would last a long time, wouldn't become obsolete, and would be used every time he sat down at his bench.
Sorry for the long answer - I've been thinking about what to put on a wish list for Christmas for my girlfriend.