For the first time, iphone is not only has double RAM than same iteration ipod touch, but also has a CPU two generations ahead of ipod touch. And there is no 8 and 16 GB version. 299 dollar for a 32 GB ipod touch 5 is not that expensive, but I think touch 5 can not reach best gaming performance within half a year or even two months. the gap is two generation, it's too much. the next IPAD probably has a same CPU as iphone 5, which make the iphone 5 is a worthy one. the new ipad is basically another expensive one, the A5x only strong enough to support two times resolution other than 4 times. and it's a bit power hungry. and it's can't get best performance as soon as touch 5. Anyway, i will still get touch 5, iphone is too expensive for me. if there is a 16 gb version touch 5, I would be really happy.