Lets do process of elimination: • The iPod touch is marketed as a "gaming device", so the A4, more RAM, Gyro, and probably Retina are pretty much a given. • Apple said 10's of millions of FaceTime devices would be shipped this year, and with email support found in 4.1 beta's, a front facing camera is a given, along some sort of back facing camera to go with the switching views feature. Maybe not the same quality as the iPhone 4's, but something. The only real thing I see as questionable is the redesign. The "tick tock" theory seems plausible, but making the iPod touch look just like the iPhone 4 just doesnt seem smart as far as distinguishing a clear difference between the iPod touch and iPhone. I am hoping for some sort of redesign, though.