"A Swedish company called Bitcraze may just of provided the tool to scratch my itch! A tiny quadcopter called the Crazyflie Nano, that fits into the palm of your hand and comes as a kit.
Designed with home assembly in mind, once ordered you must mount and solder the motors. Being open source, you can easily expand the capabilities of the quadcopter to include features like an on-board camera / microphone. It’s basically a flying development board. It has a Flight time up to 7 minutes with standard 170mAh Li-Po battery." from Source: http://geekboy.it