I disagree. If it keeps me, my fellow travellers and most importantly my brother (pilot) safe, I am willing to go without the ipod.
What you have to realize is this: the reasons things are banned from flights (or things are screened more heavily, ie shoes) is because someone, sometime, somewhere (maybe not in the US, perhaps in the UK or Europe, or Egypt) tried to bring down, blow up, or hijack an aircraft with them.
Terrorism isn't going to go away just because we shut down one avenue of destruction-the terrorists are crafty, they will think of a new way to hurt others. We need to adapt to the ever changing threats, and keep our security screenings up to date.
Think of it this way: would you rather be alive (albeit bored with no ipod) or have your family devastated because you were killed in an airliner that crashed after being hijacked?
I'd check the bag if the restrictions are in place for your flight (remember it is ultimately up to the airline you are flying-they can't be less strict than the TSA but they can be more strict) put it in it's carrier and wrap a couple pairs of socks around it and it should be fine. Make sure that all the stuff you cannot live without is in your carryon (your interview clothes, underwear, etc) People once lived just fine without cell phones.