From Engadget liveblogging (time is local PDT):

10:27am - "A little video for everyone, that's what we set out to do with the new nano. We hope you love it as much as we do... That brings us to the iPod. The iPod... it's got a... it's got a funny name. It's got a funny name. It's time to give it a name: we're calling it the iPod Classic because it's the original iPod." Ha! 

10:28am - "We've got new iPod Classics: full metal design, even thinner than their predecessors. The new classic is starting at 80GB audio 30 hours, video 6 hours. And we've got the whole enhanced UI on the new iPod classic." Sorry, iPod touch is a no go! Unless it's a one last thing... 

10:29am - We're going to offer a slightly thicker one as well... and it's going to have 160GB." applause. "This BOGGLES the mind! This new 160GB, which is far smaller than the original iPod, puts 40k songs in your pocket. Even better: battery life. 40 hours audio, 7 hours video."

10:30am - "The 80GB used to sell for 350, now it's 250.The 160GB is $350." Applause. "They're both available today, they're shipping and be in stores by this weekend. We think you're gonna love 'em, and the enclosure is just gorgeous.

Read about the technical specifications of the New iPod Classic .

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