Well, if by ‘similar priced’ you mean: a very cheap player, it might make sense.

But in 2004, I carried an iPod 4G which had either 20 or 40 gigabytes of storage. You’d need a backpack full of MD’s to match that, even if you put lower quality songs on there. I had my iPod filled with everything from podcasts, audiobooks, complete albums and enough random music to never hear the same song in a month. Absolutely loved that iPod!