OK, I think I have it sorted out.
Assumption: You are using Windows, have perl installed, own a Palm and/or Ipod (new model)
1) Get the Premium Subscription and support geocaching.com :-)
2) Run a report and select GPX format. Wait a day :-( ---> Or download the test file found under the next link...
3) Get gpx2html from here (Careful, this will change in the future, but google should be your friend when attbi moves to comcast)
gpx2html
4) Run gpx2html against your *.gpx file, it will create a HTML directory with all the caches as individual html files and a nice index file as well
5) Get the following tool to strip HTML files into TXT (needs perl installed)
Perl Html->Txt
You can use the following batch file to get the job done:
C:> for %%f in (*.html) do perl h2txt %%f
Now you will have a heap of txt files, which you can move into the notes folder of your IPOD. It will take a while for the IPOD to open this folder, but hey, nothing compared to a nice level 4 cache hunt.
Bonus:
6) Get plucker - linked on the same page - or from here in order to geocaching enable your Palm!
Plucker
Run it against your INDEX directory - might have to read/play a bit for this one, but great tool!
This will create a handy compact file for viewing the caches on your Palm, including a viewer.
... where is it?