Voice modulators are not new. Use them to create a fun headset for kids. When kids are playing with their favourite action figures or animal toys, they switch their headset to the "monster" setting, and when they speak into the mic, they hear a scary monster voice come out the speaker. The headset should come with a number of standard settings, but should be able to have new mods uploaded for all the action figures that are available. Creators of these action figures could work on coming up with a voice modulation algorithm that sounds most like their characters. Perhaps a software tool allowing kids to create their own simple modulators could be included. I want one!
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I forgot to include that the headsets include a mic and headphones so the child hears his modulated voice immediately in his ears. Also the sets could include CB or wireless technology so that a child's friends could hear the modulated voice in their headsets.