Considering an iPod touch...

I had a 4th gen in 2012 before I got a Galaxy Nexus. I loved it at the time, but I fancied a change so went for the GN and now the Nexus 4. I want to keep the Nexus 4 as my phone, but I'd also like an iPhone. My compromise is to get an iPod touch 5th gen as a secondary device and use it for my music, as my Nexus only has 8GB (I plan on getting the 32GB iPod). Do you guys think it's good for running iOS 7 and its apps a year on?