This morning at the Let's Talk iPhone event, Apple's Phil Schiller announced that the iPod touch is the most popular music player in the world, as well as the most popular portable gaming device in the world as well. The updated iPod touch will also be available in white, and you can get one on October 12th (along with iOS 5.) $199 for 8 GB, $299 for 32 GB, $399 for 64 GB.
Apple just announced that iOS 5 will be released, as a free download, on October 12th. The update will be available for the iPhone 4, iPhone 3GS, iPad, iPad 2, and third- and fourth-generation iPod touch!