There are plenty of cool robot arms on the market. Not all of them are made for researchers and students though. The RobotAnno V6 is a serious educational 6-axis robot that supports graphical programming. You can use it to pick & place items, play the drum, paint, weld, and do a whole lot more.
RobotAnno comes with PC, joystick and phone control. It has a vertical reach of 834.7mm and max payload of 1kg.