I love the concept of the iPod Touch. I live in the Middle East and it will be a while before the iPhone is an valid option (even though they do have them at the local Apple store). What I was waiting for was an iPhone...without the phone, which is exactly what the Touch is.

The only killer is the 16GB size limit. My music collection exceeds that by several times so how do Apple expect me to fit any decent amount of video media on board?

I guess I'll be waiting for the next-gen, larger capacity players.