Well of course there's a new touch coming out in September. It was either that or a price cut. Apple had to after the release of the 3G iPhone because it just didn't make sense that the watered down version of the iPhone cost less than the actual thing

I think that the new touches will either see a price drop of about $100 OR they will drop the 8GB touch and sell the 16GB version for $299 (about the current price of an 8GB touch). No matter what happens, september will the be the month to get a new touch and it's gonna be awesome.
p.s.
don't forget about the other ipods in the lineup. They're up for review too...