Wanting to test the response curves on some analog parts, [Don Sauer] devised a way of using simple tools to graph analog tests on a computer. Here you can see the results of testing NPN, PNP, NMOS and PMOS transistors, but modifying the input circuitry would let you test just about anything you want.
[Don] is using an Arduino as the hardware interface. He needed some additional parts, like an op-amp and some passives. Instead of building this on a breadboard, he printed the circuit out on a piece of cardboard, hot glued the components in place, then wired them up. This will let him reuse the interface in the future, but is quicker than designing and etching a PCB.
He uses a Processing sketch to capture the test data streaming in from the Arduino. Once recorded, he uses SciLab to create the graphs. He also covers a method of sifting through the data using Octave, another open source program that feels somewhat like MATLAB.