iTeddy seems to have a beta website . Not sure how far it has got - it's not clear from that if he got his patent.
I worried about a few things:
a) that he wouldn't get the patent, because, as Richard Farley said, it's not a distinctive enough product.
b) that it's another step down the "giving kids TV in their bedrooms" path. I wouldn't spend £45 on one of those.
c) and from his point of view, isn't iTeddy a dangerous thing to call it? Anything with the i- prefix immediately implies the Apple stable (iPod, iTunes, iMac, etc). I don't know if you can copyright a prefix - can you? I'd be worried about Apple's lawyers.