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The ipod above is just $49 at apple.com or just about anywhere ipods are sold. The 4GB below is awesome, as you can have it engraved with a name. I'll say that I am against engraving your names or wedding date on it. I do however recommend pre-loading some music they'll love. If you want to put your wedding "stamp" on it, pre-load it with songs you know will be played at your wedding. Empty ipods are boring without music (and kind of a tease).
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Yeah, this is way better than a beer mug or monogrammed tote bag. Been there, done that.