Steve Jobs Unveils New iTunes, iPod Nano, iPod Touch (AAPL)

As expected, Apple boss Steve Jobs announced new iPods today, as well as a new version of Apple’s iTunes software.

• The iPod nano is once again tall and skinny — and even more colorful. A built-in motion sensor will tell it when to display a vertical image and when to display a horizontal image. Bigger capacity, but same entry price: An 8-gig model will cost $149, while a 16-gig model will cost $199.
• The iPod touch gets a new metal case, a built-in speaker
  and built-in volume control. It’ll also support Nike+iPod built-in. As expected, it’s cheaper — but still not as cheap as Apple’s cheapest iPhone. An 8-gig iPod touch will cost $229 — $70 less; a 16-gig touch will run $299, a $100 discount; and a 32-gig iPod touch will cost $399, also a $100 discount.
• The iPod classic continues its road to retirement. Only one model — 120 gigabytes — remains.

Jobs also announced that Apple would release an update to the iPhone software — version 2.1 — on Friday, which should help with battery life, stability, and a few other quirks.     Read more on Alleyinsider