If you think of the iPod as an MP3 player, sure. But I think Apple tapped a brand new market with the iPod: the "fashionable gadgets" market. Arguably, that's the main reason it was incredibly popular.
You've got reasonably sized devices that could hold a few dozen megabytes, or impractical tanks that had real capacity. The iPod was the first to do both. It also had a user experience that was quite painless.
If you think of the iPod as an MP3 player, sure. But I think Apple tapped a brand new market with the iPod: the "fashionable gadgets" market. Arguably, that's the main reason it was incredibly popular.