Logitech today announced its first iPod product—the mm22 portable speaker system. The system, which can be powered by either batteries or an included AC adapter, features four neodymium micro drivers that produce “rich, smooth sound with tremendous depth for their size.” The mm22 portable speakers can be folded into a small traveling case when you’re on the go. The traveling case holds the speakers, power adapter, two speaker cables, and also has enough room to store the iPod. The Logitech mm22 speaker system comes with three cradles to fit any hard drive-based iPod. It will be available for $79.99 later this month.