That's a great deal considering the iPod touch is going for at least 199. With 3G, GPS, the better screen, HD support, plus option for a DVR function - it seems a better deal to me and just in time for the holiday season.
The battery life is really shit.
And you cant physically switch it off completely. Its always in some sort of powered on state.
You only get the basic mp3 and mpeg plugin with the device.
You need to pay extra for aac,mp4,divx, flash etc..
I don't have an Archos, but I know they used to sell everything you needed in one deal. It was a hefty price! Now they divide everything up and you don't know how much you are in for if you only look at all it CAN do versus what your price point WILL do.
Everything most people need is included for free. HDMI Mini Dock (also for full sized USB host (to connect camera or hard drive) and for fast charging), Mpeg2/WMV-HD/AC3 are optional and cost extra, but not much. And it can go in full standby mode consuming no battery at all and instant resume, just make sure you don't have bloated Android apps running that prevent standby (better power management may come in Android software updates).
I've had two archos products in the past. While they served me well, I really just started to get disenchanted with them.
After my Archos 605 wifi... "adventures", I'll probably avoid Archos again, unless they come out with something that can really blow me away. As it stands now, the Cowon s9 is the device that's most tempting me right now.