iPod photo is the top model. Make no mistake.
First thing you gotta do is think what capacity you're lookin' at. If you need hectic space, then you don't really have much choice. the 60GB iPod photo.
HOWEVER.
If you're looking at the 40GB range...you do have a dilemma. I however did not have a dilemma because of the following reasons...
1. I needed an iPod.
2. Wanted the newest, the top-of-the-line
3. Money was not a factor for me (Since I saved for the expensive buy)
4. Was waiting for the color screen (Personal thing....just don't like B/W screens...)
5. 15 Hours battery life.
6. It had a dock, The B/W 40GB also does so the extra $100 was not a problem
7. The whole photo thing....Slideshow...I have used it, to numerous amounts of "oohs" and "aahs".
8. It was just released when I had bought it.
For me, the 40GB B/W was a waste of good $400 when you had a newer model, with longer battery life with color screen and extra features (album art...people say you don't look at your iPod, you listen to it, BELIEVE me, it makes a difference with that album art on, every piece of music is so much more worth listening to...more VALUE..)
For an extra $100....it was worth it. I still think so. The graphics the iPod photo give out is truly brilliant. Details...details...cannot happen with a B/W screen.
The only thing that I slightly frown is the thickness of the iPod photo. The ideal size is the 20GB iPod...which I presume is too little capacity for you...
There have been rumors about the 5G iPod with 40GB storage for about the thickness of the current 20GBs......
My advice to you is, if color screens and photos are a thing for you, then buy it. If not, and not desperate, then wait for the 5G....but do not buy the current 4G iPod.......WHY waste $400 if an update is on the way and on top of that, if there's an infinitely better model for an extra $100?
Or you could always get a Mac mini and a shuffle. 😛