There is some great news for iPod Touch & iPad lovers out there that Apple may launch their new iPod Touch 4 and iPad iOS 4 firmware update in mid of August 2010. It is being rumored that Next Gen iPod Touch 4 will be equipped with a front facing camera and rear camera. This device is also speculated to be equipped with gyroscope.
In addition to this, we are also hearing about the alleged launch of iOS 4 firmware for iPad which will be capable of multitasking and handle different apps in one folder.

According to MacMagazine, a reliable source reported that Apple will arrange an iPod Event between 14th and 16th August and will put up an announcement on 17th August.
Image Credit: MacRumors