ipod touch is a hundred times better when compared to ipod nano fatty.
Creative Zen would be a lot better option when compared to ipod nano.
Reason:
8gig for 8k
2.5" High resolution color TFT display (320 x 240 pixels, 16.7 million color support)
Up to 30 hours of continuous audio playback
Up to 5 hours of continuous video playback
audio support: MP3, WMA, non-protected AAC, WAV and Audible 2,3 and 4
video support: MJPEG, WMV9 and (with transcoding - MPEG1 and 2, MPEG4-SP, DivX 4 and 5 and XviD). for ipod, you need to convert each and every video to MP4 which is real headache.
Album Art
FM radio with 32 presets
Voice recorder
Clock and alarm function
Volume restriction
Customizable main menu
Functions as an external hard drive
8 EQ settings (Acoustic, classical, disco, jazz, new age, pop, rock and vocal)
If you have 10k in hand, go for the Creative Zen 16gig player.
*us.creative.com/products/product.asp?category=213&subcategory=214&product=16999&nav=1
If you are apple fan, getting ipod touch will be a lot better option than getting ugly fat nano.