This is the NEW iPod NANO

More like it's a novelty toy than a serious thing. I don't like the form factor...but I might say, I love the screen, though small...but then again, they've experimented on the size and screen before with the 3rd Gen Nano (square-ish design) but that was a flop.

But I guess the size will be a hit with the athletes...no need for a case, it's got it's own clip, a screen capable of multi-touch (though no pinch and zoom), with FM radio and Nike +.