I respectfully disagree that the handheld doesn't count for anything. Sure, you can't "log" anything with it, operate in IMC with it or get an instrument clearance relying on it. So what. Remain VFR, obtain "advisories", and practice to you hearts content.
Instrument training isn't just about logging the required hours but about building confidence in an alien world far different from what VFR pilots are used to. Practicing to your hearts content, even with the handheld, will familiarize you with some of the procedures and the sequencing required when performing GPS approaches. Just be sure to utilize advisories when doing this.
Later, at some point, operating in an approved platform will be required.
Way back when, before GPS, I did the same thing. I bought a 1966 C-150 with a pull starter no less. I got really good at switching frequencies for the step downs of non precision approaches too. I did a lot of actual IFR in that plane eventually too although I would have liked to be able to afford more at the time
Last edited by Hawker Driver; 03-25-2012 at 11:17 AM.