That's all about how I remember it.

I'd add though that, while the initial iPod received a generally positive reception, there was the usual Apple critique that it was on the pricey side. And there really wasn't a general market perception right away that everything was different now. For one thing, iTunes originally ran only on Macs--and Apple wasn't saying publicly that would ever change--so iPods were mostly usable with laptops/desktops that were pretty niche at the time.