JR.com has the Coby IR850 Wireless Internet Radio System for $48 + $0 shipping with free Friends with Benefits membership = $48 shipped. Features Wi-Fi internet connection, 30W total output power, FM receiver, clock, alarm, and includes a remote control.
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really bad reviews
Excellent FM and internet receiver. Good sound for its size and price. Has two alarms, for weekday/weekend. Chronic problems with display, either failing after a few months, or in our case, flickering rapidly when radio on. Fine in clock mode only.