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I did own a Touch (yeah, I've gone through these things like popcorn while trying to figure out which one was right for me). It's beautifully designed and works really well, but I found that the half-sized memory and processor speed made it impractical for my needs. (I use the thing as a computer more than as a mobile phone, and I write on it using TextMaker, which is a great but memory-intensive program.)
That said, I know the US version of the Touch had twice the memory and processing power of the one offered in the UK. So I guess it depends what your needs are and which model is being offered in Australia.
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