Well, I wouldn't quite consider it a blunder but would it be possible by apple to sync the EQ settings that you make into presets as well? I'm thinking this could fix the distortions with base if the settings on the iPod sync to the EQ settings in iTunes. Is this possible?
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http://www.apple.com/feedback/ipod.html
Who knows, if we get enough requests, apple will put this iin the next firmware...