If any one wants a simple project, maybe a student? You can try to assemble this logic probe:
Resistor: Value (ohms):
R1, R4, R5, R6 1 M?
R2, R3 100 K?
R7 330 ?
An an 8 pin dual op-amp IC tolerant to 5 volts.
Red/Green two color LED
It is tri-state( Red High, Green Low, Orange signal )
source:
http://www.swansontec.com/sprobe.html