I bought a Ipod Touch not too long ago, not the newest model. I just love it, I love the looks of it, the interface and everything about it. It's really portable, and I sometimes use it to take notes, go on the internet. I pretty much got it for free with the educational discount, which was great.
It can do many things like for me, I go to Church and we have hymnals, so we can just put all our stuff in it like a PDA and use it instead of carrying a whole bunch of stuff.
It's really a good product. Although the space is not as much as others, but it is good enough for regular use. And I don't need 120 gb of space for music. With the software updates, you can get many apps for it, which is good also, and expands it's capacities.