Yeah, I'd wait for a 4GB Ipod Nano. It uses flash memory instead of a mini hard drive. It's also 1/3 the volume of the Mini and has a colour screen.
Why flash memory is better? A flash based player is more durable than a hard drive based player (because there are less moving parts) and it won't skip. If you accidentally drop a hard drive based player from a decent height, there's a chance the hard drive could get busted.
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