I love it for what it is : An ipod which do many thing like listening music and videos, playing games, using apps and make funny pics and videos.
You know it's been more than 3 days than i see post of people whining about the bad pics of the touch and all but i think the "haters" have completly missed the point of the device.
So for my opinion :
1) I agree that a 5. megapixel camera would be nice but i dont think apple wants is iphone being cannibalized by the touch so we have to live with it for now.
2) If you want the 5 megapixel camera, the GPS and all the bells and whistle apple will sell you the ipod touch which doing it : The iphone 4, yes the price is different, 799 $ without contract but if you want it go for it.
3) I think that for the price/feature apple offers, the ipod touch 4th is a great deal and the price is right balanced the only thing i loved to have is 3G like the Ipad but i can live without it.
I think that , the real question each one have to ask themselve is : Do i want to pay between 229 and 399 for the touch (8 to 64 g) and dont have the GPS, 5 megapixel camera IPS display and 3G or do i want to pay 799 $ and have the iphone 4 with all the missing features.
At the end you can chose so dont need to whine anymore
PS : Sorry for my english its not my native language
