Apple has just announced this morning a 1GB version of the ipod nano. It retails for $196.90 AUD (with the academic discount). I reckon that is a fantastic deal.

1GB is tiny, but if you're only used to listening to discmans, then its still enough of a step up to be good for a newbie. If you use smart play lists in itunes to automatically keep a range of different songs cycling through your ipod, then you should be able to avoid getting too board.