The Belkin TimeOutlet concept by Hoang Nguyen, Anh Nguyen and Sam Staar is a money-saving modular concept surge protector that is divided into four quadrants. Each quadrant corresponds to a specific time period in the day. When that time period is over, power is cut to all sources plugged into that quadrant and power turns on in the next quadrant.
The idea behind the Belkin TimeOutlet is that most small appliances are primarily used during specific hours of the day. I think a better solution to this problem would be if manufacturers would include a circuity, in their appliances, to turn off 100% their devices instead of that power consuming standby mode.