I just got an ipod touch about a month ago, and I think I need to change my answer from what I had said before. I would give up the 505. I LOVE my ipod touch and use it alot more than the 505. I actually wish I would've gotten the ipod touch (instead) when I got the 505. Had I done that, I probably wouldn't have a 505 right now...I'd honestly probably be using the kindle, stanza, and b&N apps. I'm reading my first book on the ipod touch right now, and it really isn't so bad. Like someone said, it's alot easier to hold in bed, and I take it with me everywhere I go. However...don't get me wrong, I still love my 505 and I don't plan on parting with it anytime soon. These are the best two purchases I've ever made.
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