4-Channel I2C Multiplexer (I2C-RPT-01)

One thing I'm not sure of, do I2C devices come with their own address? There's a 4-port I2C board for Arduino microcontrollers that lets users run up to 4 I2C devices with the same address.

Kickstarter for 4-Channel I2C Multiplexer (I2C-RPT-01)

Is it worth $25 or more?

It is worth 6.95 dollars : TCA9548A I2C Multiplexer : ID 2717 : $6.95 : Adafruit Industries, Unique & fun DIY electronics and kits
That is 6.95 dollars without shipping, but with a tutorial, library and forum support at Adafruit.

$6.95 is more like it and the Adafruit board does 8 channels.

And the answer to my question:

"Uh oh, this chip has a fixed I2C address, and from what I know about I2C, you cannot have two devices with the same address on the same SDA/SCL pins!"