Pros/cons of using iPod as backup HD?

Ok, I'm the last person on the planet without an iPod, but thinking of getting one.
I'm wondering if I can get away with using an iPod for both music and as my backup HD (instead of using an external FW HD) for my primary HD (this would get me halfway to justifying the purchase ).
Anybody using an iPod for both music and as a backup HD for their primary HD?
If so, what's the good, the bad and the ugly?
In doing some reading here, I see that the iPod cannot (should not?) be partitioned, so that's one strike against it.
The process to put it into disk mode also seems a bit putzy compared to simply hooking connecting a FW HD to my PB and having it automatically mount.
Other thoughts?
Anybody using Carbon Copy Cloner to clone their entire HD to an iPod?
Anybody use an iPod to boot their Mac/PB? (Apple KB doc says it may be possible, but it's "unsupported").
Thanks

I use my iPod for quick backups. But I never trust it as my primary back up. One, the iPod is not designed for sustained read/writes because it is not adequately ventilated to keep it cool enough. Another reason not to use your iPod as a primary backup is that it can easily be stolen. But as for a back up device that works in a pinch, it can't be beat.
Grant

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