Great to see a new iPod touch. I'm using the previous model. Seems like a very good update A8 processor and 8mp camera.
These are much more than music players, pocket computers just without the contract.
I might be wrong but is the formatted capacity of the 160gb iPod classic about 148gb so about 20gb more than the new iPod touch? Let's say around 25-30gb more.
Given the far greater functionality of the iPod touch it's still a compelling buy if only a bit smaller.