hmmmm...decent budget!...again lets us know whether you are a bass head or forward sounding mids lover(like me!i am both!!)or you just like it loud!!!!....anyway as iaudio said the brain wavz m2 is a great bet! or you can go with combo like mine....sm pl30+filo e1...for ipod touch i would suggest this combo.....after burn in for around 20-30hrs the sound magic pl30 has tight bass,neat mids but i guess the highs are low here!!!!!the filo e1 amplifies plus let you control volume & tracks through its controller....once again google-'SOUND MAGIC PL30'......'FILO E1'............