I personally think they're going to introduce two models
1. iPod Touch 64 gb with mic, compass, faster cpu and graphics
2. iPod Touch HD (250 gb hard drive) with mic, compass, faster cpu and graphics replacing the old classic ipod with hard drive.
Sorry, but no camera yet.
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You really think it will be 250 gb?
I'm surprised it took this long for someone to mention ipod HD with reports of a HD zune.