Looking at reports and data coming in, the folks down at Engadget believe that a new iPod is due to come out, and soon. They believe it should be out sometime on September or October (pending Steve Job's decision not to mess up their theory).

The conclusion of a new iPod coming out comes from some timing in the marketplace and info from retailers.

For one thing, it's been a while since the iPhone came out and there's sufficient passage of time between the recent release of the new iMac and the coming holidays for the market to be ready for another pretty Apple product.

Info from retailers also suggest a new iPod. Not only are iPods seeing a price drop but shipments are also declining. With the holidays coming up, this strongly suggests that they're preparing the market for something new under the same product line. It's also been brought up that a new iPod might cut down iPhone sales so a new version might not be questionable, but Jobs once commented that if there's any cannibalizing to be done in sales, it might as well be from Apple itself.

So don't go buying yourself an iPod just yet. Who knows? Maybe the next version will actually be the iPhone without the Phone.