I'm still holding out hope that the Touch will update in the next few months. Even if an updated model is somehow still released today I probably wouldn't buy one until August (but it would be nice to know today that Apple isn't going to let the line die yet). I'm willing to wait however long it takes for updates to happen to the lineup, even if it means waiting until September 2016. The 2012 internals in the fifth gen are just too long in the tooth for me to be excited about buying one. However, if it looks like Apple is going to discontinue the Touch entirely I'll buy a fifth gen as that would at least be an improvement on the 3rd gen I have now.