It's been close to three years since Apple last updated the iPod Touch, and I don't think the new devices were worth the wait.
Apple quietly updated its website today with a new lineup of the nano, shuffle, and touch. The new devices come in new colors and have a few upgrades under the hood, but they're no bigger than they were before (I was hoping for one with a 4.7" screen).
The sixth-generation iPod Touch still has the same 4" screen (1136 x 640 resolution) as it had yesterday but under the hood you'll find an 8MP iSight camera and a 64-bit A8 CPU with a motion-tracking M8 coprocessor chip. Apple has also boosted the storage, adding a 128GB model to the lineup.
The iPod Touch now comes with 16GB, 32GB, 64GB, or 128GB of storage for $199, $249, $299, and $399.
This isn't the larger iPod Touch I wanted, but it's a significant upgrade nonetheless, so much so that it's going to be worth it to be cheap and get the previous generation when it goes on clearance.
The CPU upgrade alone makes the older model a questionable value; while you could usually stay a generation behind on Apple hardware and still reap much of the value, the new iPod Touch is so much better than before that this is no longer true.