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This is a good player for audio books
I was looking for an MP3 player with bookmarking feature, like Creative Labs Zen series. But I could not find Creative Zen anywhere locally, so I settled for this one.

I like this one because it has an important feature that a lot of other players don't have. It can remember where you last play the material. After I turned it off at midpoint and turned it back on, it started right where I left off. This is really important for people listening to audio books from Netlibrary or Overdrive Media, where the files tend to be long.

The buttons are easy to negotiate and intuitive without you having looked up the manual. The menu are grouped intelligently. I like the Folder view feature. This is better than the view through other options such as "Music". Because sometimes you rename a folder of ripped files, but only in Folder view would you see the changed name. So it's easier to identify the files than using other options.

I just got it so could not see any cons yet. However I don't like the phone jack, it's located at the bottom of the player. Other things at the bottom: USB port, Mic, Reset button hole. The volume control buttons are on the top of the player.

It has FM radios. It can scan and preset stations with strong signals.

It also has "Audible" for listening books download from [...]. In this option, it has "Bookmarks" too, useful for those downloading from [...].

The player feels sturdy and does not look like a toy, that's a plus. Overall, this is good value for the money.

Songs play spotty
My last mp3 player was also a philips and I loved the long battery life. I lost it so I bought this one, but it was a big disappointment, since the songs have this noise-silence spots that last for a second and its annoying. I like my music to play fluidly.
It went right back to target.

Edited review: since I don't want to be a jerk, i do want to give the player a lot of credit for the functionality of the buttons (its not one of those annoying touch sensitive pads that seldom get it right) and the battery life being about 24 hrs.