So you have been waiting to get your hands on a cheaper iPod Touch? Today is your lucky day as Apple is now offering a 16 GB version of iPod Touch for $199. This entry model comes with the same features as the 32 GB and 64 GB models. It has a 5 MP camera and ships in various colors. The 32 GB and 64 GB iPod Touch models are now available for $249 and $299 respectively.
The new iPod Touch model and all the price cuts will allow Apple to reach more people. We would love to see more powerful iPod Touch models in the future. For now, you can get one of these MP3 players for a cheaper price than ever before.[Source]