Wow, that's a great price.. Go for it- you won't be sorry.. Just remember that 1st gen ipods are Mac only (you need to do a firmware upgrade or use MacOpener).. Most compact flash mp3 players cost more than that (and come with like 64mb!) so you're not going to get a better deal.. As far as the slimX- I have both and NEVER use the slimX anymore.. It's cool and all but the ipod's superior in almost every way (smaller, more capicity, no need to shuffle CDs, more batter time, faster xFers using firewire vs. burning -i think).. If you didn't have enough money I'd possibly suggest a slimX.. But for $150 you'd be crazy not to get the ipod..