I took some video with one of the new Nanos and a 3G S, I took the exact same video with each to compare. I think the video quality is pretty close in comparison, with the 3G S the color quality is better but the frame rate looks the same and image quality is pretty close, but you can be the judge. Also remember when videos are loaded onto youtube the quality does diminish a little. I enlarged these to full size on my macbook and they were both very watchable, now you can film your little cousins violin recital and your grandmas 90th birthday.