Well a few years ago my roomate showed me his rice cooker, I was hooked.
They're dirt cheap $10-20, and provide nearly perfect rice. No watching, no worry, the worst that happens is sometimes the bottom sticks and gets a bit burnt. Just rinse the rice, add water and wait.
The rice cooker makes rice so easy, I have it more often, which is nice on the budget too.
Right now I'm on a Basmati rice kick, before I was on wild rice.