Microsoft Zune 120GB (third generation, glossy black)

Pros: Nice, big, luxurious screen
Awesome interface, everything is easily accessible
Feels great in your hand
WiFi features, like marketplace, song sharing, and wireless sync

Cons: The new 3.0 update removed the "Quick List" playlist
Battery life is great, but not as good as the Classic
PC only, no Mac support

Summary: First off: The Zune 120 is NOT the iPod Touch's competitor, but instead the iPod Classic. The Zune beats the Classic in features and usability, and definitely in sexiness, especially with the available Zune Originals. The iPod Touch is better than the Zune in more cases, but with less storage size (like a fifth of the size for more price). If you need a mini computer, get the Touch, if you need a great music player, get the Zune.
Overall a brilliant product. The third generation has changed very little, although the black back covering is really really sexy, more so than the 80. The glass screen is VERY scratch resistant, I have no scratches anywhere on my Zune. The WiFi rocks, with a marketplace feature added. The song sharing 3-play limit SUCKS, but I use the feature with my friends a lot. It is quite practical, especially when you want a friend to hear a song, but don't want him handling your zune for the next 3:51 that the song lasts. The games are cool, but the Beta games won't work in the new 3.0 firmware, but I didn't play Solitare that much anyways.
I have hardly had any trouble at all with my Zune, period. It has frozen once, but every product has these times. I can't count on one hand the amount of times my old iPod Classic has frozen.
Absolutely great product! Looks better than the Classic, better interface, subscription service, GOOD FUN games, new clock feature and screen lock are nice, excellent radio, and beautiful screen make this better by far than the iPod Classic, and a more pure music player than the iPod Touch.