If your parents want to open the plan, they can open in their name and they won't have to worry about any gift taxes. They will just need to worry about any maxmimums on the 529 which I believe is only a limit of $300k in the account.
I like the plans from Utah and New York as they are both Vanguard. I live in MA so I prefer Fidelity which runs the MA 529, but Fidelity's index options cost 0.50%, which is equal to Vanguards Index options. I really feel like the best 529's are any Vanguard or Fidelity run plans. However, if you live in a state where you can get an income tax deduction, you may want to take it. For example, in NY the Vanguard 529 can be deduected from your state income tax. Same applies to the CT plan run by TIAA-CREF.
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