The new iPod Touch will come in three versions, an 8GB for $229, 32GB for $299 and a 64GB for $399. You will be able to edit videos, do FaceTime between iPod Touch and iPhone users, or iPod Touch and iPod Touch. The Camera is similar to the iPhone 4s, with VGA on the front, no flash however, but HD Video is possible on the rear camera. Battery life is rated at 40 hours of music playback. It uses the Apple A4 chip found inside the iPhone 4 and iPad, a 3-axis gyroscope, iOS 4.1 and Game Center.
Like the iPhone 4, you get the retina display on the new iPod Touch, with LED backlighting, 326 ppi which equates to 4x the pixels of previous versions.