iPod - a design marvel or a fashion item or an mp3 player?

Joel thinks its a design marvel that people are willing to accept ignoring its flaws.
Seth thinks its a disposable fashion item.
Joe Nocera thought it is just another mp3 player and after two years now he feels cheated.
I think two of the guys above are surely wrong for the following reasons.
- if iPod is a disposable fashion item it has to be cheaper than what it is now, so that people can throw it away and buy newer ones without filing a complaint.
- if iPod is just another mp3 player, we might not be talking about it now.