A pretty good solution to the problem of how to carry the iPod Touch :
It’s light-colored so it stands out against my dark shirts (I have a lot of dark running-shirts), has reflective sections on it, Velcro adjustable, fits the Touch, and it was about $10 at Winners so it’s form and function at a low price.
You’ll notice a black binder clip on the right. When I wear this armband on my right arm, I have the iPod headphones cord run up and across my shoulders from my right to my left side, then I binder-clip the cord to my collar on my left side and let the excess cord (not much of it) dangle. Having the cord flop about has always been an annoyance, and this was a decent fix.