Apple clearly thinks that the 4th gen is just fine (and I can't help but say thank you to them for bumping the minimum up to 16gb) and that if you want the latest and the greatest you're gonna have to pay up for it. The pricing schedule hasn't gone up for the new Touch, the 4th gen 32gb were the same price two days ago. They may as well have named the 5th gen the iPod Touch Elite, but then that would sound like a MS product. Oh wait, how about the iPod Touch Elite HD Pro?