The good: Incredibly thin and intuitive design; beautiful LCD; supports photo and video playback; seamless integration with iTunes, which boasts the world's biggest music catalog and a new video store; smooth video; lots of extra features, such as a world clock, a stopwatch, and PIM applications; a galaxy of accessories designed for the iPod; great overall value. The bad: No extras included, such as a dock, A/V cables, or a power adapter; poor battery life for video; slight delay when playing video; no guarantee that your non-iTunes Music Store video will play...
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