Well, I ended up going with the GPS V because my budget was firmly capped at $250 and from the comments here and at geocaching.org, it seems like the best deal out there. One guy at geocaching.org also mentioned that since it comes with 100 bucks in software that can be transfered to one other device, it's like getting it for $130. When I get my next unit, maybe in a year, maybe never, I can still use the Garmin maps. And maybe in a year, the color screens will be more affordable...

I'm SO geeked to get out there and find some caches now! Especially the "virtual" ones that have historic points across the area. I even have a few gems that I'd like to share with people as well... old buildings that are still standing and of historical significance, but unknown to the average person here.