I don't see why you should upgrade. Why oh why did you buy an iPod with an announcement around the corner? Oh well what's done is done. Anyway, with the restocking fee and having to wait for the new one to come in it almost doesn't make it worth it. The speaker and the mic are not compelling enough reasons and if you pay the $10 you get the 2.1 update...which is a whole lot better than the 2.0 one. It does have a significantly better battery life for audio, but video only marginally so.

That said, I bought one anyway, having bought the 1G nearly a year ago. So now I have 2 Touches, an 8GB from last year and a new 16GB. And I don't regret it one bit.