...The new iPod Touch software will cost existing users $20.
The upgrades will be included in new iPod Touch devices purchased going forward
Jobs announced iTunes Movie Rentals... launching with 1,000 films by the end of February — movies will be available 30 days after DVD release. These will be available for viewing on PCs, Macs, iPods, iPhone...
According to Jobs, you have 30 days to start watching it, and once you start you have 24 hours to watch and finish it. As many times as you want. You can transfer films to another device in the middle
Library titles will cost $2.99 and new releases will cost $3.99.
Apple has deals with major movie studios: Touchstone, Miramx, MG, New Line, Lion’s Gate, Fox, WB, Disney, Paramount, Universal, Sony