It’s not quite a video iPod, since it lacks a screen for actually watching video, but the Cinema Disk from Deltron, looks like it might be a decent compromise for anyone who wants to watch the movies and videos stored on their computer on something other than a computer monitor. The Cinema Disk hooks up to a television or projector, and has a 20GB hard drive, a USB 2.0 port for high-speed file-transfers, a slot for reading CompactFlash memory cards, and plays MPEG-1, MPEG-2 video files. It looks like it might even support MPEG-4 as well.
