Hey iridium...
i have the same player but its 2gig...the FM radio quality is ok..not great...it can record fm brodcasts but the quality is not good... 32kbps wav...besides which u get a bad background hum...so i wouldnt recommend it for recording....
otherwise its a great player nice audio quality..only problem is that it comes wid a non standard earphone plug...its a 2.5mm instead of 3.5mm...so u need to get an adapter to use your own pair of headphones...
hope that helped...
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