In July of 2002 I lost about 100 of my most valuable CD's, at an average of $12 (a low estimation) a piece that's $1,200 down the drain, not to mention the time it took to find all the indies, etc. I'm already back up to about 40 CD's since August and if I was to lose (get stolen) them, I'd be even more pissed. Hence the ipod... 40 CD's at $12 = $480 for my current collection (its still growing) If I lose an ipod, I lose 1 item...not 40, not 100, just 1 item that I can easily replace from the apple store. Between my Cd's and my MP3's I've got about 2,500 songs all of which I can store on the ipod with room to spare for data backup. This is merely to help all you catastrophe prone people out their (like myself) that love music. $500 is really not that much when you compare it to how much time and money you have spent on your entire music collection.