Breaking news from digg.com

Apple has or will announce a new flash iPod the iPod NANO. This time its an ipod shuffle/mini hybrid. Every one expected the video ipod but Apple decided to remake the shuffle into what it should have been originally. Its smaller then the mini, and now is a perfect cylinder with a small color LCD. To navigate through your songs just squeeze and turn the rubber wheel. Again the design is great from apple, and its very practical. Its a little pricey for a 2 gig player at $199, and the screen seems small and hard to read from. I expected the video but this nano seems like it could sell, maybe if they lower the price for the shuffles.
Also
Apple will announce at the same event on the 7th their Motorola itunes compatible phone called the Rocker. The only thing special about that is the nice iPod interface for a phone. As for the nano we will have to see where it goes for this holiday season.

EDIT: Recently more information has been released, the above information might not be true, but I am sure that Apple is working on a flash based color ipod, other then the mini or shuffle.