It really is, the sound is crisp and clear, loud as you can possibly want, and the bass is fantastic :)
This is seriously something I recommend, and if you are contemplating between this or the ipod, well I'm sure you can work out which one to go for. ;)
I've seen some complaints about the video, it's simple, convert your video file to MP4 and it works!.
p.s. It is also ridiculously easy to use!