Well, it is better because of size but you cannot listen to music in public because you would look weird that way, I got an iPod touch 4G for 200$ and I listen to music, play a few games, and surf the web
No.. I just bought the new one a couple of days ago. I use both of them just as much and the iPad is almost like a laptop, which was meant to be the purpose of me buying it. I defiantly don't regret having them both.