I think you have some time to wait for a new iPod Touch as they generally come out in the fall (September maybe?). As far as design goes, there are always differences between the ipod and the iphone such as the strange placement of the headphone jack and cheaper components in the iPod. That being said, if you want an iPod Touch I say just go for it. I would give up my iPad in a heartbeat before I gave up my iPod and I still have a 2G model.