The new model will sell for $249 and features 4gig hard drive. At 3.6″ tall and 2.0″ wide, it is smaller and lighter than the full-size iPods. The iPod Mini has some of the same features as the full-sized versions, including firewire and a navigation wheel.
Besides the size, the iPod Mini is different from the regular iPod in that it is offered in several colors. Colors available are sliver, pink, gold, green, blue.
Check out Apple.com for more info.