... appart from the fact that it's 150 x 80 x 26mm (which is like twice the size of the iPod), looks butt-ugly (sorry, but I can't understand how you say it's more stylish than iPOd.. must be just me), and the batteries will last for 2 hours max ;(
The price of an iPod is mostly due to the use of small 2" hard disks that are kinda expensive.. The cheaper solutions (aka the other hard-drive-based mp3 players) use the cheap larger hard disks.. Now, if you don't mind the size or the battery autonomy of such devices, you might consider them, but they come nowhere near an iPod.. 
___________________
|