I'm reserving judgment until the thing ships.
Reports say you cannot even do the simple task of browsing the web and listening to music. That is just lame. They better tweak this thing before it comes to market but I doubt it. It also doesn't have an oled screen that some might prefer. Whats going to happen is Apple knows people will pay a premium for an inferior product (from what they expected) anyways because of the apple branding. Then they will come out with a version 2 a year later that will fix some of these issues.
Perhaps you can't listen to music from Pandora (which I think is what they're really talking about in the ones I've read), but you most certainly can listen to it with the iPod app--just like on an iPhone or an iPod Touch.
Further, OLED screens simply aren't available in that size for any reasonable amount of money.
Some find that the user interface and general experience is worth any supposed premium they're paying for the product.
Still, I'm not buying one, not because of this, but because I simply don't see a reason to drop $500 on anything like that. Or even $200.
