Um, Jp...understandable that you don't care for the features in general (fm, voice recording etc) but surely you won't be carrying both units at the same time right ? Given your unit of choice (pod or IHP) wouldn't you want the option of having those things while carrying/using it ?
If not, then your choice lays within a few simple question/answers:
What's important to you ? What feature holds presedence ?
If it's :
Battery life - Winner = IHP
AAC format - iPod for now possible on IHP with firmware update
Ogg format - IHP and doubtfully the pod
Sound Quality - This discussion has been done, and I won't give my personal opinion, cuz I haven't heard the IHP. I have however heard one of the first gen pods, and thought the quality was damned fine. I was pretty impressed listening through Porta Pros.
Customer support: Can't say who wins there. I've heard good things from both parties.
A biggie for me, believe it or not, is the remote. A couple years ago, I was all set to get the iPod, but didn't because I couldn't understand the flimsy design of the remote. Why bother storing so many music files, and playlists, when you can't see what it is you're playing/changing with the remote ?? In my eyes, the purpose of a remote is to illiminate the middle man. I love my iMP 350's remote cuz the player stays either in my backpack, or on my body, while i hold this little thing that has all the information and functionality I need. The IHP will never leave my belt clip, and hence will never be dropped (not while I'm traveling anyway), stolen or banged up. I see people holding iPods everyday, and I'm pretty much just waiting for someone to drop one on the train tracks. (I'd be utterly amused for sure
)
More of my cents for ya. 13 of em' that time.