DISCLAIMER**** I do not own an iPod Touch 2G, I have used one on a daily basis from 3 of my friends so i know it's pros and cons. Price: 8GB-$229 16GB-$299 32GB-$399 (all $100 price reduce from 1G) Pros: There are a lot of Pros. The speaker is almost perfect, now in settings, there is a sounds list so when it is jailbroken, sounds can and will be used! This also makes the LightSaber app awesome (believe me it IS awesome) and Tap Tap Revenge a lot better. The wifi is better than before, you can now receive wifi a little farther from before, and keep it a little longer when in lockscreen. The iPod Touch 2G is almost the same size so some cases are still compatible! (tried in my leather folio case, works great!) And it is now available to use a microphone, which will be great with the upcoming release of the in-ear Apple earbuds. Cons: Small Speaker, that is it. The speaker is somewhat smaller than expected and that makes the sound quality worse. That is my only problem with this new iPod; but hey, it works. And it is still awesome. Rating: This new iPod is no doubt 5 stars. It has everything you want in an iPod and then some, without it being a phone! And now with Fringe, there is VOIP so well, it just keeps getting better and better! Conclusion: The 2nd Gen iPod Touch is the best yet. So much for less, I am currently half way of getting my new 2nd gen, and once it is modded, I am going to say Bye Bye to the first one. Yes, finally a REAL review. Comment please on it and what you think should be added or not.