you can transfer to the older ipods (for some reason the new ones done work) you only need to transfer game saves really, as mines was a 60Gb I just copied onto a 4Gb SD Card, easy enough, just a pain in the ass re installing everything/downloading the updates again!
One thing to remember tho is make a note of your user name email addresses and passwords, as I had more than 1 user ID i forgot what email address I used so I lost that ID
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