One of the very first predictions to surface for the new iPod is that it would be an iPhone without the Phone and that seems to be the case - to the letter. Gizmodo got some unofficial word from inside Apple that the iPod Touch can run all the applications that the iPhone can (save for the ones that use the phone function of course, which would be useless).

The iPod Touch and the iPhone "use the same damn binaries," according to the source. Except for the interface, there's no real difference between the two devices. Although the iPod Touch will not have Mail or Weather and Stocks as part of its application collection (probably just to differentiate the functions of the device), they both run on the same Mac OS X core.

Logically the iPod Touch can run any application - even third party software - the iPhone can. So even if the iPod Touch doesn't initially have the same programs, all it should take is to allow a method of transfer of iPhone applications to the iPod Touch and voila! Once the iPod Touch comes out it won't be long before this is confirmed. Updates as we get them.