it's all about the iPod
i'll admit, the current line of multi-gig iPods isn't for everyone (hence the market for a "miniPod"), but mine has been worth every penny.
i've had my 20GB since they were first released, what about a year & a half ago? i'm now watching with trepidation as my last few hundred MB are filled up.

i thought it would take me forever to fill up all 20GB, but turns out it's only taken a year & a half! keep in mind that i don't have NEARLY all of my CD collection on there, i don't want to listen to some of that junk on a daily basis. my iPod is stocked w/ a nice mix of music ripped from my own CDs, pirated downloads (WHICH by the way has lead to NUMEROUS CD purchases, thank you very much RIAA), iTMS songs & songs ripped from friends' CDs.
my iPod is my favorite gadget (and i love gadgets). i listen to it at work (like now), i listen to it in the car (radio stations suck) and iTunes has all but phased out my 5disc changer at home. i think if it came down to my cell phone or the iPod, that cool little phone would be out the door.
i think some people run out & buy the latest cool gadget b/c they see it on Cnet or TechTV without thinking when they'll actually use it or if they'll get their money's worth of enjoyment out of it. my only problem is holding off for a new rev of the iPod w/ new features (color screen w/ album art, hell-lo?) before i snap up that 40GB.
pick a player that's right for you, but make sure it doesn't do something stupid like rip music to a proprietary format like my first Sony MP3 player. that thing sucked, who wants to recompress an already compressed MP3 into ATRAC3, y'morons?
hope the new year brings lots of iPod fun, though!