I'm actually pretty miffed about this. My wife always complains I never take a phone with me when I run, its mainly because I dont like carrying loads of stuff and already take my Nano for Nike+. When I saw that Nike+ was going to be built in to the Touch (and therefore I thought it would be coming to the phone) I was pretty stoked as I could still use my Nike+ and also carry my phone with me.
Am now just annoyed.
Yeah, basically makes yesterday's event 100% worthless to me now.