[gambrinus]

The touch is kind of neat and all, but it's way overpriced. I don't get why it's flash-based instead of hd-based (I'm guessing Apple will kill the classic next generation, though). There's no possibility of using it in your pocket, which is what I do about 90% of the time. And the nano is pretty cheap these days. I'd say it's a big win for the nano, personally.

Of course, this completely ignores the possibility that you want to play games/video on it. I don't watch video at all on my ipod, and have never played any of the games, so for me this is a non-factor.