With on-the-go removeable, replaceable, battery.
Call me crazy, but I think that the iPods biggest competitor is somewhat of a sleeper candidate for that title. Once the PSP has more memory capacity, it will definately challenge iPod. Heck, there is already a 4 gig HD out for them...JFK
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There is only one device that can challenge the iPod.
It is a nonexistent device that is compatible with every competitors' music store or preferred delivery system. It will be licensed out to every single competitor on the basis that can only change the appearance and they cannot impose any blocks against use of the device with any other music service.
Let's see... It will come in three varieties, tiny, medium, large. The largest will have video capabilities, with a Windows only transfer application for the video features.
The iRiver H10 is one hell of a unit for up to $100 less than an iPod and it has no proprietary file format bunk to deal with. And I think it is better looking than the iPod.
If these companies had any brains, they'd be developing iPod accessories instead of iPod competitors, and they'd clean up.