Price for Price the 16Gb iPod touch is identical to the iPod but offers 1/10th the storage and limited iPhone like wifi functionality.
The iPod runs GarageBand, FaceTime, Skype, and a zillion other apps; works with iCloud to sync Notes, Reminders, Pages, Keynote; you can get your e-mail and calendar on it; you can set up routers with it, etc.
This, according to user barkmonster, is utterly negligible, because this iPod Touch is identical to the iPod besides such minor differences.
Come on man, it's like you're not even trying.
In this case, be happy using your iPod Classic for all the stuff the iPod Touch can do. You've made a great deal, man!
Yeah, nailed it.