especially if you hack it. Then you can port over iPhone apps to it. Such as Mail, Maps, Notes, Stocks, Weather, and any other app. Also have the ability to add Calender events from the iPod. Turning the iPod touch into the Ultimate iPod Touch. Basically an iPhone without the Phone and SMS.
Too bad there is no mic or you could use Skype over the wi-fi and call for free!! Take that AT&T!