Apple Announces Video iPod

iPod has long been anticipated, but will a QVGA display provide a high enough resolution for movie viewing on the commute to work? In fact, will DRM and copyright issues rear their ugly heads? Perhaps, then, the video capable iPod will give birth to a new wave of video Podcasts (allow us to coin the phrase Vidcast, presuming some witty blogger hasn't done so already) where iPod users will watch... whatever interests them.