Apple's really starting to piss me off. They're releasing two products that by themselves are "ok" but if you combined them would be awesome.
What they should do is get a flash HD (30-60GB) and combine that with the Apple Touch. There you have the best of both worlds. Yes, it would be more expensive but I honestly think people would buy it. 16GBs is nothing.
Thats what happens when you buy stuff right out of the gates. Almost every single tech product gets a price drop within the first year. It just doesn't make sense getting it the day of.
Wait a few months, make sure the company gets all of the bugs out of the product....listen for any rumors and then buy the product.