The iPod touch is a really good product. It's everything I expected and more. Some of the apps are really great, and I have had no problems running any of them, just remember to check that it is made for the iPod touch (oh, and if the app uses GPS, it will only work properly with the iPhone, even if the description says it will work on the iPod. The software will run fine, it just won't be able to find your location because the iPod doesn't have a gps chip.)
I was concerned about the shipping because, even though the product got to me in record time with no damage, there was no packing list or invoice in the box. Also, there was only one packing bubble thing in the box, so the product was rattling around more than I would expect. Again, all's well that ends well, but the potential for disaster was there.