It turns out that most of the speculation was correct, Apple is launching an iPhone like iPod called the iPod Touch. It functions similarly to the iPhone with a touch screen that orients in portrait or landscape mode, plays music and video, and features WiFi for web browsing capabilities using the Safari browser. The iPod Touch will come in two versions, 8 or 16 gigabytes, and will cost $299 and $399 US respectively. Steve Job's keynote speech is available on the Apple site here or see the BBC's take on the device. It's pretty interesting, I'd have to say that I'm most excited about the WiFi! You'll probably want to get one quickly if you are thinking Christmas gift...