Would You Rather Have And Good Camera Cell Phone And An Ipod Touch Or An Iphone

Basically the iphone is a phone, camera, computer, and ipod, but would you rather have the touch which is an ipod and a computer basically, AND a camera cell phone? Why? Personally, I would rather have the two devises seperate. They are all expensive, but the Iphone's monthy rates are insane. Just wondering other opinions.