Preview at WWDC likely in June, followed by September launch.
RED iPod Nano Tomorrow? [Updatedx2]
Get "red"-y! It's something so huge, it took Oprah, Bono and a convertible to make it happen! Plus, Penelope Cruz and Kanye West are in on it! An extraordinary launch! [...] Chicago goes "red" today and this is just the beginning!
The show will be aired tomorrow, October 13th. Rumors of a RED iPod have been circulating since January. According to our source, the RED iPod would be priced similarly to current 4 GB models at $199, with $10 (5%) of each sale going to The Global Fund to help women and children affected by HIV/AIDS in Africa, where some countries have over 30% of the population affected by the disease.
Update: AppleInsider is corroborating the story, and adds that Oprah and Bono filmed a promotional video for the product at Apple's North Michigan Ave. retail store in Chicago today.
Update 2: Photo of Oprah and Bono with red iPods at an Apple Store.