Apple has reduced the price of the 16GB iPod Touch, while simultaniously giving it a boost. The low end iPod Touch now comes in a variety of colors, has a rear facing camera, and costs just $199. When Apple introduced the 16GB iPod Touch, it had no camera, came in only a gray color, and would cost consumers $229. It didnt even have the Loop feature, allowing users to use a wrist strap with the device. Now that the iPod Touch is better than ever and costs $30 less, will more people buy one?