the second version is finally out! it looks similar to the iPhone 4. also should support our iPod touch 4G look here: http://www.cnapplepeel.com/apple-peel-520-news/apple-peel-520-generate-2-released/
I didn't understand a single sh*t about that but if they made a version for 4th gen then that's great!
Having used the first one, I can safely say that unless the software is DRAMATICALLY improved, your better off using an iphone knockoff.