An anonymous reader sent in these images which claim to be photos of a prototype (DVT-1) 5th Generation iPod Touch. According to the submitted the front has a capacitive home button, back with markings of DVT-1, and connected volume buttons. The settings also show a 128GB capacity.
Overall, it's hard to say too much. Each new component seems easily fakeable using existing images. This, and the fact that the submitter is broadcasting it anyone who will listen makes us think its likely fake.
Article Link: Leaked 5th Gen iPod Touch Images?