Although laser engraving is cool, I don't think they allow you to return them because it's 'personalized' so I think it's safer if you get one without an engraving; and besides, once you get a case, no one can see it.
Gah... $299 for a 32 GB? If I traded in my 2G 8 Gig, what could I get for it? I don't want to spend all my money on an updated iPod, but my cell phone camera sucks so that would be epic...
the specs for the camera on this is probably not much better than your current cell camera.. should be interesting to see real live pictures from the gen 4 touch. chris.