MacRumors.com

The cover of the upcoming issue of Newsweek, dated July 26, 2004, will apparently feature Steve Jobs holding an updated, previously rumored iPod with this text:

Steve Jobs and The Must-Have Music Player Everyone Is Talking About
iPod, Therefore i Am

The new iPod shows incorporation of the iPod Mini's pushbutton scrollwheel design, removing the 3G iPod's row of 4 control buttons above the wheel. Size seems comparable to 3G models, while price is expected to decrease. The cover can be seen at the MSNBC Newsweek site in medium and large sizes.

The issue should be shipping Sunday, on newstands Monday, and received by subscribers Tuesday.

Update: William Crawford provides a link to the full Newsweek article.