Here are my choices:
iPod Touch (Free) + Digital Camera (~$200) or New Phone (~$500) or New Laptop (~$500)

I currently have a laptop and a cheap phone, but no camera. If I get the iPod Touch and the Digital Camera, I will cut my line off of my family's plan to make it cheaper. If I get the new phone, (Most likely going to be Sony Ericsson Xperia 10 when it comes out) I can play music, take pictures, and more. If I get a new laptop (HP Mini 300), I don't know.

So yeah, I would love some help deciding :]

Here are some factors that may be considered:
For college, I might go out-of-state.
I don't really use my phone a lot.
I like taking pictures and recording videos as well as listen to music.
And that's it... I believe.

Laptop specs:
Ram: 4GB Ram
CPU: AMD Turion X2 TL-56
Video Card: ATI Xpress 1150 (Might build my own vi-dock. )
HDD: 160GB HDD
OS: Windows 7

Phone:
Sony Ericsson TM506

How are you getting the iPod for free?
I'd go with the first or last.

If this will help you decide.

Althought the phone can take photos, the shutter speed is really slow. To me, this takes the run out of taking photos since if you move while taking the photo (or if the object moves) it will become blurry.

Personally, i would go wouldn't buy a laptop until i really need it. Prices of laptops are decreasing currently (or...the specs are getting better but price isn't increasing)

But i can assure you that you will use your camera once you get it. Also same with your ipod touch. Your going to use it for sure.