Assuming you have a TV somewhere else in your house, I really think you'll get a lot more enjoyment from the iPod Touch. I bought a Touch 4th gen last year. And I still see it as the best consumer device that I've bought in the last decade or more... including TV's, GPS devices, laptops, etc. Unless you plan on getting an iPhone some time soon, get the iPod Touch. Considering the total cost of ownership, the iPod Touch was a much better buy than an iPhone in my case.