Apple iPod Touch 2011 (8GB, black)

Pros: It's basically an iPhone 4 that doesn't include a monthly bill.
With all the fun of iOS 4 in a better designed iPod.

Cons: As far as photo's go, the quality isn't as good as seen on the iPhone 4.
Even do the monthly bill would have to be included with 3G, I still miss the GPS.

Summary: The bottom line is, the new iPod Touch is better then ever. And has improved a lot more on the last iPod Touch then I expected. Being an iPhone 4 with not bill is probably all you need to here.

If you think the new iPhone is cool, you'll love the new iPod