Which is better of these 2 gadgets?

Which is better performance wise, looks wise, and in generall everything. The iPod touch 5g or the iPhone 4/4s? I would like to know if I should get the iPod or save a bit harder and get the iPhone 4. I can't afford either of the new iPhones (5) so don't suggest that.

IPod 5 has much better specs than the iphone 4 and the same as the iphone 4s, however it has a larger screen, which I personally prefer. Obviously it doesn't have the phone capabilities though.