The Apple iPod Nano has been redesigned once again. Now measuring just 1.48 inches high, 1.61 inches wide, and only 0.35 inches thick, the new form factor eliminates the hardware click wheel in favor of an iPhone-esque multi-touch control system accessed via its 240 x 240 LED display.

The result is the latest iPod nanos are 46% smaller and 42% lighter than the previous generation. The units do retain hardware buttons for sleep/wake and volume controls as well as a new built-in clip similar to the iPod Shuffle.

iPod nanos come in two capacities: 8 Gb ($149.00) and 16 Gb ($179.00), last up to 24 hours on a full charge, and are available in six colors. The players can be pre-ordered immediately with units expected to ship next week.