Apple today introduced a new 1GB iPod nano that offers the same features and form factor as the current 2GB and 4GB models for $149. The new lower-capacity nano, which was predicted by analysts, holds up to 240 songs or 15,000 photos. It is available immediately.

Apple also cut iPod shuffle prices by $30. The 512MB model now sells for $69 and the 1GB shuffle is now priced at $99.
“Now everyone can afford an iPod nano, with our new 1GB model starting at just $149,” said Greg Joswiak, Apple’s vice president of Worldwide iPod Product Marketing. “The iPod is the world’s most popular digital music player with over 40 million sold, and now even more music lovers can experience the unrivaled combination of iPod and iTunes.”
[Note: iLounge’s comprehensive iPod nano review now includes new photos and details on the differences between the 1GB nano and its 2GB/4GB predecessors.]