I don't know what "Brit Insurance" is, but they sponsor this award for Designs of the Year, which is hosted by the Design Museum. There are seven award categories including architecture, fashion, and graphics.I'm fairly certain I don't understand the criteria for a winner, given some of the weird crap that's been announced thus far, but it is still interesting to see what is getting people pumped up. Below are some images of things that are cool looking and psuedo-functional, at least on a webpage.
SENZ XL Storm Umbrella
Magno Wooden Radio by Singgih S. Kartono
Ipogeo - Tasklight for Artemide
via CH