It could be a single device with various multimedia goodies: digital camera, video recorder, gaming device, wireless device, and cell phone although knowing Apple's penchant for maintaining simple interfaces, it's also likely we could see a whole lineup of multimedia devices catering to specific niches, complete with a common development platform for the fleet of Alphamosaic-based iPods.
ENGADGET: Multimedia iPod(s) by end of 2005?