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Good video quality with perfect voice recording
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When played back on the Nano, the video looks pretty good.
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The video is really amazing
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This has better video quality than most recorders and it can be carried all the time
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small, light, easy to use, good video camera and awesome sound with enough room for a hundred songs which I can add to by drag and drop on iTunes
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You can't just delete songs or video from your iPod to free up space, you have to use iTunes which is a pain
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I like some of the features better on the 5th generation, such as the video camera/mic works fairly well (if you don't mind occaisionally making videos of your finger over the lense)