Had this iPod for over 2 years now, got it for Christmas 2009, and is still good. It has a decent speed, and compared to my Htc Wildfire, its fast. It can download the best apps from the App Store, such as Angry Birds, Cut the Rope, Temple Run, all things alike! The ipod lags when opening or closing apps, but when playing a game it is mostly ok, even though the lag can be quite annoying. The worst thing is the fact that you cannot upgrade to iOS5. Apple has done this so that you have to buy another iPod, but i'm not going to. For anyone buying any iPod, it would be foolish to buy one of these even if its cheap. They will lag, and they dont have iOS5, which will be annoying. The new ipod is much faster and has cameras. Save for the latest one.

As for me, I have decided that im going to buy an iPad in about 2 or 3 months. I would like to be able to play games and browse the web on a bigger screen. Instead of buying an iPod, consider buying an iPad 2 when iPad 3 comes out. They will go down in price and are very fast, light and good. There is no need to get an iPad 3 because the iPad 2 is already revolutionary, and there probably wont be much difference between the iPad 2 and the ipad 3.

P.S

I dropped my ipod many times over the course of 2 years yet it still works fine!