I have a iPod video, only 30gb and still not full but loaded with tons of music.
You have to weigh up the pro's and cons.
Do you want it primarily for Video, music or keeping up with your mates?
If it's Video, there's much better on the market.
If it's music, the classic is perfect.
If it's keeping up with yer mates, I'd consider one of the others on the market unless of course u're syncing with a Mac?
Choices, choices!