Rumor Of iPod nano 4G

Digg founder Kevin Rose claims that a tall iPod nano is in the works, featuring not only a tall screen ratio but a heavily redesigned shell. Of course, the venerable click wheel will remain, but the form factor as you can see here is rather…surprising. I guess this is a “love it or hate it” affair, and I seriously am speechless if the next nano were to look like that. I suppose it will take some time to warm up to, but what’s more important is the insides of the nano 4G. Word has it the nano 4G will be aggressively priced to distant itself from the $199 iPhone as much as possible, so this would indicate iPhone sales cannibalizing iPod nano figures. Would you be upgrading your nano to the latest version when it is released?