No - it needs the same OS as the iPhone. Having a multi-touch interface and then a different OS would be a waste.I am hoping steve will introduce ... Full screen TRUE video iPod (with 100GB or 80GB HDDs) with a multi touch interface. (it will not have the same OS as the iPhone as not to cannibalize iPhone sales)
Otherwise I agree - it'd be nice to see a HD based video iPod.
How about a iPod which basically swaps the Phone component for a HD? Keep the "Internet Connectivity Device" by using wifi, or even bluetooth via your regular old cell phone.
Or an iPhone which dumps the cell phone for a VoIP phone? That way there's no deal-making with the cell networks (but... no phone when on the move either)