I compiled a list of the differences between the newest models of iPhone and iPod touch. I thought it could be of someone else's interest, so I'm posting it here. Things that the iPhone 4 have that the iPod Touch doesn't: GPS-A (improved from 3GS) 5MP Camera Cell Phone 3G HSDPA/HSUPA, EDGE LED Flash Light Larger Battery IPS-Display 2x RAM (512MB) Bundled headphones have mic/volume ctrls Ear Speaker Proximity sensors Dual noise-canceling mic system Vibration mute switch Compass (3 axis) Stainless steel body frame Oleophobic screen coating *Always free software updates "Antennagate" *updates are now free for all iOS devices. Things that the iPod Touch have that the iPhone 4 don't: Double maximum capacity (64GB) Thinner form factor. These are all in the order I was remembering. Feel free to change it or add more things I may have forgotten... Thanks!