QUOTE(ervin_s @ Mar 15 2006, 01:15 AM)
Hello all!
For books in MP3 I've used "--preset fast voice" setting, but now that I have iPod could you please advise me of similar setting for AAC, and which encoder for Windows would give the best quality for this job.
Thank you!

I don't have an iPod, however I think I have read that only LC-AAC can be decoded properly on the device. SBR and/or PS can't be decoded - yet. That may significantly limit how low you can encode your voice material properly.
For playback on a PC, I have been looking at the latest Coding Technologies aacPlus v2 encoder for low bitrate voice.
I have done some basic "voice only" tests to see how well it can perform at extremely low bitrates. I have not experimented with transcoding the material, but instead I used full frequency voice samples encoded from wav files.
Acceptable speech results can be generated as low as 18kbps (mono). This may be a little low if you are transcoding your material, but experimentation should yield you the best choice for your needs. Instructions and downloads to encode with CT encoder with Foobar are here on the forums.
That probably doesn't help much, other than to suggest that the CT encoder may be able to generate acceptable LC-AAC for voice. Have fun trying it out.