I got the iPod Touch a few weeks ago and I really enjoy using it. Apple always makes a great product and this is another one of those great products. It's easy to use and best of all, it just works. Sure, it cost $299 for only 8gb of storage but all the cool features that come along with it are awesome!
I basically use my iPod Touch as a mini computer. It has a web browser, it's a little slow but that is expected for such a small piece of technology. There's a mail application that was included which is useful. It's pretty much a computer you can hold in your hand.
One thing that ticked me off is that two days after I bought the iPod new software came out for it that allows you to download and use applications on it (like AIM). The software was cool, but I had to pay $10 to get it! After I already paid $299 they want another $10!
Other than that, I don't have one complain about the iPod Touch.