You can create 4 folders, and somehow, this guy compresses 300 hours of recorded material in just 512MB! Refurbished to new, you save $10 over a brand new one, at which you should be looking at the 1GB anyway. If you don't need stereo and simply need the audio notes for class or otherwise, this is a great price for this Olympus. Like the GPS deal, price WILL change at their discretion so get it now if you want it. Ships for free and no tax except in NJ folks. OLYMPUS VN-5000 RECORDER DEAL