The MSP430 is a 16-bit microcontroller from Texas Instruments. Code Composer, a C Compiler and Eclipse-based IDE is available from TI; the code-size limited version is free.
The development board is available for as low as $4.30 from TI. At this very moment, it looks to be out of stock at TI, but it is also available from DigiKey or Mouser.
Nice way to experiment with microcontrollers without breaking the bank!
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