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Purchasing a netbook as a geek's holiday gift is a very good idea.
Netbooks are fairly obvious items, so it isn't likely you'll end up buying one for someone who already owns one. They're also fairly uniform in terms of specifications, abilities, and price, so as long as you stick to common recommendations you won't end up buying one a computer enthusiast will disapprove of.
The general favorites of the netbook crowd are the Asus Eee PC 1005HA, the Toshiba NB205, and the HP Mini 311. These are virtually identical, but there are some key differences to pick up on. If the geek in question prefers stylish products, the Eee PC 1005HA is the best bet. The Toshiba NB205 will be good for those who do a lot of typing, and the HP Mini 311 is the best at displaying video and playing games.
Also, a word to the wise. Windows 7 was just released. Many retailers are clearing out stock of older Windows XP models. These are still capable netbooks, so keep an eye out for them if price is a problem.