Hi aman,
Actually id suggets before u buy transcend(theyre thecheapest of them all, unless u wanto go for never-before-heard brands) , that u also consider " I-Box" .Last week we went shopping for an mp3 so i know the ins and ounts quite clearly.
First decide if u want FM or not.Id suggest u ignore FM,becoz most players with FM are older ones and have USB 1.0 which have a very very bad transfer speed.We bought a UMAX player(my frend wanted FM,though FM was a disaster).
And the peice id sugest is Ibox(i don know the model number).The whole package comes like this for 2400(a v gud player,no FM but alll the other options + 128 MB MMC card)Nowadays players come like this.What u could do is give that 128MB back to the shop owner (the card comes in a seperate pack anyway) and get a 256 MB card from him.That way u cud get both economy and Features.
hgope this was usefull, post here to tell wich one u purchased after u do.