I don't know how the student pricing or licensing works, but I saw the price listed somewhere once and it was practically a give-away price.
The student licence for Altium Designer 2009 is supposed to be priced at about 130 Euro (including VAT and s&h).
The version has a 1 year time limit. (Encoded into the license key, so forget about reinstalling.

)
It has been said that Altium occasionally charges only s&h, so by all means contact Altium if you are interested.
The Nanoboard 3000 -while not cheap- looks great, but the time limited software is a show stopper which ends all discussions whether to buy it for me.
Edit:
From the Datasheet:
"The NanoBoard 3000 includes a 12-month subscription to an Altium Designer Soft Design license
which is linked to the NanoBoard in the box."
So the software is not only time limited but also limited to a specific Board.
If you can't use the Software license with anything but very the NanoBoard you have bought, the time limit doesn't make too much sense.