Apple didn't just announce the iPhone 5, they also announced the new 5th generation iPod Touch. It basically has everything from the iPhone 5 but without the phone functionality. It is however 6.1mm thinner which is ridiculously thin, you could probably snap it - but with it being made from anodised aluminium it'll take a lot of force. It has the 4-inch display, iSight 5MP camera, Siri and comes in a variety of colours - which were not available before. You of course get the latest version of iOS and a new set of Apple headphones, the Earpods.