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I assume you mean FM Modulator and not FM receiver (a modulator creates and sends an FM signal...a receiver receives an FM broadcast)?
If so, I have the iTrip. It's nice cause its powered by the iPod and its really small and fits right on top. Problems? Reception is not good in SoCal cause there are too many radio stations and none of the modulators for the iPod create a very strong signal. Not sure why. I have heard that it is FCC regulated, but I had an FM Modulator for a CD changer on my Lincoln back in college and it sounded crystal clear. So maybe it is a lack of juice. Other negative is it blocks the hold switch.
Real nice and portable though...you can take it anywhere and broadcast. It worked well in my loaner Jag while in NY and I use it in my garage when working on the car.
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