This is the biggest reinvention of the iPod nano since its debut in 2005, and we think users are going to love it,” said Steve Jobs, Apple’s CEO. “Replacing the click wheel with our Multi-Touch interface has enabled us to shrink the iPod nano into an amazingly small design that is instantly wearable with its built-in clip.”

It’s rougly half the size and weight of the previous generation and features a built-in FM radio (with live pause), pedometer and also supports Nike + iPod®. Available in 8GB or 16GB sizes in silver, graphite, blue, green, orange or pink.

Also be sure to check out the latest iPod Shuffle, iPod Touch (with FaceTime, HD video recording, etc.) and Apple TV updates.