It has the same display, but integrated volume controls, which was the #1 request Apple got for an iPod Touch, Steve says. It has a built-in speaker, "it's for casual listening," he says, and has the Genius playlist creation and the App Store.
I don't know if I speak for everyone, but can you stop spamming the front page every ten minutes with updates from the press release that we can all get from Gizmodo or Engadget?<p>I'm sure people will discuss that major points while it's over.