LIVE from the Apple Launch

Steve Jobs is onstage in San Francisco, and has revealed the Motorola iTunes phone - the ROKR - as well as a new version of the iTunes software He's also talking about change in the iPod line

The iPod Nano looks like a full-size iPod but it fits in your coin pocket - 1000 songs in a tiny, tiny device - it's thinner than a pencil and 80% smaller by volume than the iPod. it's around the same shape as the mini, but a quarter as thick. It weighs 42g.

In fact, the iPod Nano is even thinner than the motorola RAZR - and still has a colour screen, clickwheel and photo functionality. It's pretty stunning.

The 4GB model is available for US$250, while the 2GB is US$200. And best of all, its available in cool piano black as well as white. And they're available at the weekend!

Here are the highlights of his speech:
- Honda, Accura, Audi and VW are all adding iPod connectivity to their cars
- iPod outselling the PSP by a ratio of 3:1 worldwide
- 2m songs now in the iTunes library
- 10m accounts on iTunes - so ave user has purchased 60 songs
- launch of Harry Potter iPod with Hogwarts crest on back
- all of Madonna's music to be available through iTMS
- iTunes 5.0 set for launch - with a new look, the ability to organise playlists into folders, and a better search bar. There's also a Outlook sync for PC and a 'Smart Shuffle' feature to stop random playing the same artist in a row. Oh, and parental controls.
- iTunes phone is revealed - Motorola ROKR - which looks like a standard Moto phone (alas not a V3) with iTunes software. It downloads music from your PC or Mac via USB.
- The exclusive network partner in the US is Cingular
- Contrary to previous reports, the phone won't allow over-the-air iTunes downloads
- The iPod Nano will be available almost immediately