You really should jailbreak it soon, i jail-broke my 32GB one awhile a go (running jail-broken 1.1.4 firmware) and it's so much more fun jail-broken, especially with NES emulator and TTR :D. You can also use it as a phone, i do it sometimes with VoIP.
On Saturday i bought some new Nike SB P-Rod 2 Zoom Airs and am loving 'em! :D
EDIT: Just something you should know before you jail-brake it: If your iTouch at any point in it's life suddenly stops working you will have to buy a new one, because it voids your warranty, i've already looked it up. And they don't repair it for natural causes (stupidly) such as fire or water damage, but the way they check for water damage is they look inside where the headphones plug into. If it has been broken by water damage, it changes colour in there, so if you damage yours by water just get some tissue or something and clean it out so it goes back to the original colour, they don't know it has been effected by water that way.
Also, after 90 days of the first switch on, iPod Touches sometimes brick (hardly ever, but it has happened more than once, but it probably won't happen). If you send it off to Apple to get it fixed if that happens and it is jail-broken, they will NOT repair it as it voids the warranty and you can't restore the original firmware before the 90 days are up so if it brakes they will repair it because they CAN see that non-Apple firmware has been installed on it in the past so again, they won't repair it.