I enjoyed a fantastic overview of a press conference presented by Steve Jobs today. Among other cool news such as a new line of iPods Steve Jobs announced huge price slashes on the iPhone (sorry those who already bought it!) and added a particularly cool product called the iPod Touch which looks identical to the iPhone but lacks the phone capabilities.

Complete with WiFi I expect the iPod Touch to be a new rage… I want one badly! I also expect the iPhone Touch will vastly increase the frequency of mobile search since it uses the far less expensive (or free) WiFi networks that seem ever-present in the big cities.

Check out the excellent coverage of this news event by Ryan Block of Engadget