$399 now? Seriously, a $200 price drop in 3 months? $200 is a lot to pay for 3 months of geek cred.
On the other hand: 160GB iPod Classic will finally hold all of my music at the same time, something that's not been possible since, oh, 2003. And my birthday is in just over a week! I think the pain of Apple purchasing can be soothed by additional Apple purchasing.