Courtesy of Slashdot:
"As anticipated, Apple announced several additions and upgrades to its iPod and iTunes lineup. The iPod now comes in an 80 GB model, with a $50 price drop for the 30 GB model. The 2nd generation iPod Nano harkens back to the iPod Mini with metallic, multi-colored shells (though as diminutive as ever) and comes in an 8 GB model. The Shuffle has been completely redesigned and shrunk down to the size of a matchbook. All of this comes with the release of iTunes 7, which includes support for downloading full-length movies from iTMS."
All 75 movies initially available are from Disney-related studios. The new iTunes will download cover art for all the songs in your library, no matter where you got them from, as long as you have an iTunes account. (A confirmation dialog says: "Information about songs with missing artwork will be sent to Apple. Apple does not keep any information related to the contents of your music library.") There's a new album-cover browsing view of your library. And Steve Jobs gave a sneak preview of a project code-named iTV: a Mac Mini-like wireless set-top box. Engadget has a blow-by-blow of Steve Jobs's presentation.