Apple Announces Color iPod With iMovie Capability.

iPod Line Manager Stan Ng, speaking to host Shawn King on Wednesday night's Your Mac Life, announced Apple is preparing a color iPod that will show QuickTime movies and presentations.
Thrilled iPod users everywhere responded positively to the news.
Dennis Lloyd, publisher of the iPodlounge, said the new color iPod with video editing capability will shatter the paradigm for the MP3 player