Yeah right, if the new iPod was to have all that then what was the point of making an iPhone.
The point was to make a phone for people who want/need a phone? iPod is not a phone.
That said, I expect the 6G iPod to be "less" than "iPhone - phone". I would guess that it would be the iPhone, without the camera, cell-phone and WiFi and all related functions (email, safari etc.). It would have Bluetooth, however. That would be pretty much ideal. Although I would welcome WiFi, I'm not really expecting it.
If Apple can sell an iPhone with all those features for $499 and $599, I can easily see them selling multitouch iPod with less features for $299 and $399 (for example). And since Apple is very good at re-using their design and R&D (iPod Shuffle == Apple Remote etc.) I really don't see them maintaining two similar (they are both iPods, after all) yet radically different designs (multitouch vs. wheel).
If Apple does NOT release an iPod that has similar tech than the iPhone does, Apple might end up cannibalizing the sales of the iPod. Everyone is concerned about the sales of the iPhone, yet no-one remember the fact that iPod is bringing Apple billions of dollars as we speak. Why not worry about cannibalizing THOSE sales? If Apple comes up with a wheely-iPod instead of Multitouch, people will feel disappointed. They know that iPhone is the "best iPod we've ever made", and they don't want to get the second best. And they can't (for some reason) get the iPhone, so they want the best iPod Apple can make. Apple has shown what they can do when they released the iPhone. Best iPod ever would mean that that technology gets transferred to the standalone-iPod.
Plus an iPod is for music, how often would you really watch videos on it anyway?
I guess that's why they didn't release the 5th gen iPod that plays back videos? Oh, wait....