The new low-end Archos 105 is supposed to ship tomorrow from Amazon.com.

For $89.99 you get a 2GB iPod nano alternative with 1.8 inch color OLED display and video playback measuring 3.3 by 1.8 by 0.3 inches.
An iPod nano measures 3.5 by 1.6 by 0.26 inch.

Features of the Archos 105 include WMV video playback, MP3, CBR, VBR, WMA, protected WMA files audio file playback, and 18 hours of music battery life and USB 2.0. For some reason Archos still does feature the Archos 105 on their site. In anycase Amazon states that the new small 5th generation Archos PMP will start shipping September 1st.
The Archos 105 is available in red, grey and black.

Pre-order the red Archos 105
Pre-order the black Archos 105
Pre-order the grey Archos 105