Yeah, I wear one w/pride. It holds 6-7 cassette tapes of Pat Benatar, The Bangles, Spandau Ballet, Cure, etc. w/ease. Also, holds my Walkman and earphones. My Mike Tyson Punchout got ruined when I rode in the rain once, so try to get one that's waterproof.
BTW, Fredlieness is next to Godliness.