I can't see why the 5Meg camera should be a problem. The main reason for this being that as the iPhone has been redesigned (away from the curved shape used onthe 3GS and current iPod Touch) why not a case refresh for the iPod touch as well? As apple are so brand centric it is unlikely that the iPod will keep the now dated (compared to the iPhone 4) looking case profile...
For the iPod touch to remain a realistic alternative to the iPhone it needs to offeral the same features including camera and GPS but without the phone element. Anything less and there simply isn't enough of a price differeance to merit its continued existance.
Sooooo Wrong, I dare you to really calculate the true cost of the iPhone 4 for the average User,.......Now tell me the One shot iPod Buyer deserves the same consideration.
If you don't want to commit to the product,....Don't expect the world with your minimum contribution to development. Your 3-400 Dollars is really just a one shot drop in the pond.
You will but it and be Happy