Yes, we all love our iPods but some go that extra mile and actually buy protective casing which costs more than the iPod itself. A classic example is the Factron Titanium case from Kiwami Japan. Your precious iPod is protected by the Titanium and taking care of the display is super strengthened scratch resistant sapphire glass which is also used in dials of expensive watches. All the four corners have three directional so you can hook it up to some strap.
In case you are interested the Factron will be made in limited numbers and only 300 units are planned for this year. Available in Japan only pricing starts at 39,000 Yen ($ 325) and goes upto 99,750 Yen ($ 820).