16Gb Ipotd Touch

Hello,
I have an Ipod Touch 16 Gb. I listened to it just fine until yesterday. I put it on hold just to go to lunch, and when I came back it wouldn't turn back on. I just got the Apple logo. Thinking the battery was low, I later connected it to my PC, and the same thing happened: just the Apple logo and then it would die. iTunes does not recongnize it either. I've tried to reset it by pressing the Hold/Start buttons at the same time, but I get nothing but just the friggin Apple logo.

Please someone help! I can't live without my iPod and right now can't afford to throw it away and buy another one.