Osgorth, I believe that Rockbox supports Monkey's.
I should note that I switched back to the iPod OS for three reasons:
1. Significantly worse battery life with Rockbox
2. Significantly slower performance with Rockbox (this could have had to do with my settings though)
3. No good Ogg Vorbis players for Mac. I got Rockbox to be able to play Ogg, but iTunes really is the best media player I could find for Mac, and it doesn't support Ogg.
All in all, I'd check out Rockbox if you run a PC and don't like using only AAC or MP3, like iPods limit you.
I should note that I switched back to the iPod OS for three reasons:
1. Significantly worse battery life with Rockbox
2. Significantly slower performance with Rockbox (this could have had to do with my settings though)
3. No good Ogg Vorbis players for Mac. I got Rockbox to be able to play Ogg, but iTunes really is the best media player I could find for Mac, and it doesn't support Ogg.
All in all, I'd check out Rockbox if you run a PC and don't like using only AAC or MP3, like iPods limit you.