So the iPod iPhoto’s not a hoax, although a little less outstanding than I expected its offering a 65k color screen, a new upgrdade to the battery with 15 hours of life… Some bump ups to auto sync-album art, and store up to 25k photos on the iPod as well. A new version of iTunes 4.7 has also been announced.
500$ for 40GB 600$ for GB Estimated shipping 1-2 Weeks.
Apple Press Release
Apple Product Page