iPod Nano, meet iPod Nano.

Despite keeping the same price tag as its predecessor, ($149 and $179 for the 8GB and 16GB models, respectively) the new Nano is a bundle of trade offs.

Gone are the days of click wheels, cameras, and video playback.

Now is the time for a multi-touch screen [!]. The Nano also features volume control buttons and a sleep/wake button.

There were a few minor form factor revisions as well.

The 5th Gen Nano sizes up at 3.6" x 1.5" x 0.24", and weighs 1.28 oz.

The 6th Gen Nano sizes up at 1.48" x 1.68" x 0.35", and weighs 0.74 oz.

The new Nano is 67% of the volume of its predecessor, even though its footprint is less than half the size.