Yeah if I am upgrading it better have a effing camera with all the money apple has taken from me (lol). I bought an 8g 2nd Gen iPod touch, then I realized I needed a 32g one, and quick. So I buy that... now I am going to have to upgrade in a few months? Hope it has a camera. That's what will sell me into it lol.
If it has a camera, the only thing that'd keep it from being the perfect gadget would be 3G access. I know it sounds stupid to some, but I don't want AT&T's phone service, and I don't use 3G on my normal cell because of the clunky verizon browser. Internet, apps, radio, and YouTube on the go... No, wait, I'd still want flash for Hulu support, but I'd be willing to overlook that with 3G, anyways...
Why wouldn't they update the iPod Touch? It would obviously be referenced in 3.0 because that is the software it will run on.