Apple iPod Touch (4th generation, 32GB, white)

Pros: Sleek, fits in pocket well even with a case.
Lots of apps.
Great touchscreen.
Cheaper than iphone.
Great for its size for browsing the internet

Cons: Camera is TERRIBLE!
Camera is TERRIBLE!
No flash
Speaker isn't great, Iphone4 are better
No vibrate alert

Summary: The camera is a big Con for me. Its not even one megapixel so pictures are almost useless. Its ok for facetime or if you never print out a photo though. Also no flash so low light pictures are even more terrible. Also there is no vibrate alert for messages and emails. Video is 720P so that is decent but in low light with no light availible its not great. Its great for gaming and letting the kids use, tons of free and cheap apps availible.

Bottom line, the camera and speakers suck but its good at everything else.