iPodLounge is reporting that the new iPod announced at today’s Apple event does in fact support video. 320 x 240 resolution on a 2.5″ screen, support for MPEG 4, H.264 formats at 30fps, TV-out. Available in 30 and 60 GB varieties at $299 and $399, respectively.
Content is available via the new iTunes 6. Music videos and select (ad-free) TV shows available for $1.99, with current TV episodes lagging a day behind airing. Past episodes and seasons will also be made available. All video content protected with Fairplay DRM.
Apple says the 60GB will store up to 150hrs of video (a video is “the size of 6 songs”). Should be available in a week’s time.