Highlights from today's media event: New iPod Nano Released: Incredibly smaller New colors: (RED), silver, light blue, teal & green Full Metal design New User Interface - includes Cover Flow Three games bundled - includes Vortex Video-capable Cover Flow 2" screen, with brigher, QVGA resolution (320x240) - highest pixel density Apple's ever shipped 4GB - US$149 8GB - US$199 24 hours of audio playback, 5 hours video playback Shipping Today Both models compatible with Nike+ running kit Full-size iPod: It features a thinner, full metal body. Capacity has been increased to either 80GB or 160GB versions. 80GB - $249 160GB - $349 - 40 hrs music playback, 7 hrs video playback iPod Touch: featuring full, touchscreen controls like the iPhone. Included apps are Calendar, Clock Contacts, Calc, Settings and a few more. Steve Jobs called it "One of the Seven Wonders of the World." Thinner than the iPhone - only 8mm Same multitouch pinch & spread zooming controls for photos as the iPhone Same coverflow as the iPhone 3.5" diagonal screen Wi-Fi 802.11b & 802.11g - it can save your home network setup Home button Slide to unlock - same as the iPhone Sensor for auto-landscape viewing Safari - connect to the internet via WiFi YouTube via WiFi 22 hours audio, 5 hours video playback Shipping worldwide this month - already localized into many languages 8GB - $299 16GB - $399 Wifi-accessible version of the iTunes Music Store: The new version allows downloading music from iTunes directly to your iPod touch. Starbuck$ Partnership: When you get near a Starbucks a fifth button will come up in the WiFi music store - you may have been in a Starbucks wondering what song is that playing? Now you can buy it with a tap of your finger. The service will reportedly display the last 10 songs played in that Starbucks. According to Starbucks Chairman Howard Schultz there will be free access to iTunes Wi-Fi Music Store via Starbucks' Wi-Fi. New iTunes with Ring Support: allowing users to make their own ringtones & sync directly to the iphone for $.99 in addition to the cost of the song. The user is allowed to pick any 30 second selection from a song, with iTunes automatically creating fade-in and -out for the ringtone. After agreeing to your selection, you can click the "buy" button and for 99¢ you have a ringtone. Cheaper iPhones: The iPhone will receive a price drop, moving the 8GB model down to $399 from $599 starting immediately. The 4GB iPhone model is being dropped, due to intense consumer concentration on the 8GB model. With the current pricing, the 8GB iPhone is now only $100 more than the new iPod touch model at the same storage capacity.