Via Sara via Daily Candy: a countertop cereal "keg" kids can operate themselves. Put a small pitcher of milk on a low shelf in the fridge, a few spoons and plastic bowls in the cupboard, and they can make their own breakfasts! (And you get to sleep in?) A "Mom Tested" pick by Parenting magazine. Comes in single and dual models, and in several colors.
Of course, there's a simpler and cheaper solution. From my wise-mama cousin Leslee:
When Alanna was old enough to open the fridge by herself (3-ish), I set up her breakfast so she could feed herself. On the bottom shelf, place a bowl of cereal, a small cup of milk, and a spoon. All she had to do was pour the milk into the cereal, and – voila! – breakfast! She carried it to the table and ate it, often spilling a bit on the floor, but that was a small price to pay for sleeping in. Ah…precious sleep. ‘Course it also helped that she could work the TV and VCR herself.
VCR? Bah! Get TiVo!