This is rather belated news, but I figured it was worth posting anyways. Apple has recently unveiled larger capacity versions of the iTouch and iPhone. The iTouch, originally only available in 8 gig and 16 gig versions, now boasts a whopping 32 gig version with a $500 pricetag.
The iPhone began with 4 gig and 8 gig versions. Then they ditched the 4 gig model quicker than you could blink, lowered the pricetag, and released the 8 gig and 16 gig iTouch. Now they're following suit with a 16 gig iPhone with the same pricetag of the new 32 gig iTouch: $500.
This news also comes with the announcement of their SDK, which will allow a limited number of developers accepted into their program to pay $99 for an SDK Kit to begin developing native apps. Aside from the much-anticipated native applications, other features that came as a result of firmware updates to an already-launched device include Microsoft Exchange support, a GPS capability for their maps, and an iTunes store on-the-go.