The good: Bang for the buck, MicroSD slot, Rockboxable (v1's only), MTP or MSC mode with OF.
The bad: Ths scroll wheel (I didn't like it too much) v2's (which you can't tell in advance) is not Rockboxable, MicroSD with OF is 2GB max. I also think the SQ is lacking, even with Rockbox - Fuze / Clip are supposed to be better, as per posts I've seen here.
Video is not great either, but it sounds like that's not an issue for you. The main reason why I sold mine with the sub-par SQ, just an FYI.
I got a refurbished one off woot a few months back and it's a great bang-for-buck player. After putting rockbox on it did everything I wanted it to from a firmware standpoint. Battery life is decent, though it does seem a bit shorter when playing lossless files. It actually felt pretty durable for such a cheap player, a few drops already and it's still running smoothly.
The only major negative for me is the sound quality. It sounds great with the ksc75, but there is a noticeable hiss on the e2c and it doesn't have enough power to drive the PK1 or MS1. But if ipod ear buds sound fine for you then this should be no problem... though I would suggest a trip to our headphones' section.