After about a month, it's indespensable to me. I LOVE it.
My only complaint is that it doesn't hold enough of my CDs. It's 20meg, and holds just over 5,000 songs, but that's only about 20% of my 2,000 CDs.
I figure in a couple of years, that problem will disappear too.
I still love my CD collection, and have no intention of getting rid of it. I view it like other people view their baseball cards. My tastes are all over the map and a lot of them are from small companies all over the world.
But now, I can just leave them where they are and carry my music collection with me at all times.
It's just an awesome creation for a music lover.
I love mine as well and though I have an IPod Mini I have never purchased a thing through ITunes. The whole concept is somehow distasteful to me...it eliminates the fun of collecting, of talking to the owners of the local music stores and in general the discovery of new music by less well known artists. And I can't imagine that the people who love to come over and sort through and play music during the course of an evening would be half as entertained or entertaining by working the IPod menu.