They will update the iPods for sure!
but I just can't see what the use of a smaller iPad is?

Just keep to the iPad as it is, don't bring out bigger or smaller ones! Just update the iPad on a yearly basis!
iPhone? sorry but WTF? So they're going to bring out the white IPHONE 4 near the end of the year, and then in the matter of a month or two... maybe 3 they will bring out iPhone 5? This will piss of people, alot of people...plus I don't think as much people will buy the new iPhone compared to if it comes out July/June. I would certainly buy it after having the iPhone 4 for a year, but I wouldn't at christmas/early '11 : /
IF they are bringing a new iPhone out, then they better give all us iPhone 4 users a choice to have it replaced to the new model. I doubt this will happen, they'd lose too much money building them, shipping etc then having to do it all again for the next iPhone. It just doesn't make sense!
iPhone 4 came out 24th June 2010.
Until June/July 2011, they should focus on re-designing the iPhone, and bring it out on their normal schedule!