The 2nd Generation Nano spectrum
The second generation Nano fixed that by being coated in Anodized aluminum, like the iPod Mini was. The prices are a bit more competitive - especially since there are now a number of different Flash-memory based players on the market. Starting at $149 for the 2GB Nano (available in gray only), $199 for a 4GB Nano (available in multiple colors, excluding black), and the 8GB Nano for $199. The 8GB only comes in black or red (the latter color is only available online).
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Like other iPods the Nano doesn't have a FM Radio built-in, but unlike most other flash-memory based players it cannot play videos. Even lacking these features it is one of the most popular MP3 Players.
It definitely rates high on my wish list. I just can't decide whether it is worth shelling out an extra $50 for a black 8GB Nano instead of going with the $199 silver 4GB Nano.
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