If you like the lithe form factor of the iPod nano, but feel that it’s way overpriced, here’s an option for you.

The (embarrassingly named) Nanu-pod is a one gigabyte ultraslim MP3/MP4 player that’s currently being sold under the Group Buy option of local goods aggregator E-2-Door. It looks like an iPod nano, though I can’t vouch for its build quality. Nevertheless, from a distance it could be mistaken for the real thing. And if e-2-door can get at least nine people interested in it, then they can sell it for just P3,812.64 each.

Forget the fact that it’s a nano rip-off. The fact is, this is a one gigabyte flash drive/MP3 player that can be had for less than four thousand pesos (As of the moment, with nobody buying in just yet, the current price is still at P5,000.25. Which is still not too bad for a gigabyte MP3 player just the same).

Aside: How can you tell a Nanu-pod from a nano? First, check the screen. The Nanu-pod’s is more portrait than landscape. Next, look at the ClickWheel. A real nano doesn’t have anything printed on its center button, while the Nanu-pod has the Play/Pause icons printed on it.

The Nanu-pod has a 65K color OLED screen, built-in FM tuner and recorder, and plays MP4 video files… albeit in an obscure “MTV” file format.

Not that I’m pitching this product. I have no intentions of getting one. But with enough people interested, it can be a really cheap gigabyte USB drive. If interested, just head on over to e-2-door and search for “Nanu-pod.”