pro: looks good, color screen, has little extras like fm recording, fm radio voice recording, firmware that allows video playback, audiophile soud (sounds as good as the iPod).
con: bad user interface(windows explorer like and alphabetizes your songs), crappy fm radio, 12hr battery or less, using the firmware that allows video playback voids warranty,doesnt hold as much as it should. with 5gigs you cant hold as much photos, music, and videos, took away the dock, loading time for photos and for the player. The Bigger iRiver seems more suited for video and photo playback and also a better value i think its $300-400.
depends what you want. If you want fm radio, video playback, but messy interface then you should go for the iRiver h10, but at your price range assuming its less than 300, the iPod mini 2nd gen is a great second option(great interface 20 hr battry+, and AMAZING customer support and enormous 3rd party accessories but not as much things that come bundled in when you buy it) if you get the student discount. I think its 230 for the 6gig and 179 for the 4gig.
Cliffnotes:all in all a good but not a great product. I personally would not buy one because it costs over 200-300 for only 5 gigs(your music collection will grow exponentialy after getting an mp3 player). I would get the bigger and fatter iRiver or a similar player like the iPod photo because at 100 more you get a lot more space.