You sound like Intel pushers, who think that clock speed is everything in a system, forgetting several other factors that make for a good, fast system.
What are these other factors? The Apple logo? Name these other factors and we will do a comparison. I will help you out:
Signal to Noise Ratio:
Ipod: 98db
Nomad: 98db
Frequency Response:
Ipod: 20-20kHz
Nomad: 20-20kHz
Harmonic Distortion:
Ipod: >1%
Nomad: >1%
Show me the factors, other than the little Apple logo, where the Ipod shines.