This is the new iPod Touch, announced at Apple's press conference today. It's got the iPhone 5's screen and the A5 processor, which makes it about as fast as the iPhone 4S.

The new iPod Touch is out in October. $299 for 32gb; $399 for 64gb.

The iPod Touch is "the world's most popular music player... but a lot of people don't realize that it's also the world's most popular videogame player as well," Apple's Greg Joswiak said while revealing the new device.

Joswiak then showed off Clumsy Ninja, a rudimentary game that resembled Nintendogs or a tamagotchi. He prodded and poked at the on-screen ninja, who could react to the environment and "learn." Out this holiday season.

(Images via Engadget)