I jumped right in and purchased a first gen iPod in the first month it was out there - all five gigs of glory with a well documented price per meg that remains the benchmark for the other end of the value for volume ratio. Even without any of the features that have come along with the evolution of this product, I still wouldn't trade it for an UMPC at par.
Reasoning:
1. Many factors already define what I need to bring with me when I am on the go. Work issued PC, PDA, Mobile. Last thing I need is a big brick that can do all the things that I can already do with then stuff I already have to bring with me. Yeah, yeah, it could replace all of these things - I will keep that in mind when I run the show.
2. I love having only 5 gigs. It forces me to come up with creative new smart playlists that make me listen to my music library in ways I would never come up with if I looked at it.
3. The darn thing just will not give up. What can I say when I expect consumer electronics to last only three years? Would I buy another iPod - well, yes - will this thing just die already so I can? I guess we will have to press on regardless and see how long it goes.
4. Finally - this is not like saying that I am a Republican because just I so deeply want to be a part of a winning team. This is saying that I would rather have an iPod because I know better than believing that this is not about the "oil".
Microsoft's iTunes Killer: Origami