After doing some price cuts on its now previous generation iPods, Apple has updated its iPod family for 2009.

The 5th generation iPod nano looks similar to its previous generation, with a slew of new features such as: FM tuner (an iPod first!), built-in camera for video recording only, slightly larger screen and integrated pedometer software for use with a Nike+ kit.

The latest iPod nano is available in seven colors (silver, black, purple, blue, green, orange and pink) plus two Apple Store-exclusive colors: yellow and red — 8GB costs $149 while 16GB costs $179.

Practically the most versatile iPod to date is the touch. It can serve as a portable media (music and video) player, pocketable mini computer — it has WiFi and a great application pool, and portable gaming device.

– 8GB for $199, 32GB for $299 and 64GB for $399.

What makes the iPod touch extremely popular is that it uses the same operating system as the iPhone. You can practically refer to the iPod touch as a crippled iPhone.

Also, the iPod touch comes with iPhone 3.1 software pre-installed. For a list of features, read here.

The diminutive 3rd generation iPod shuffle which if you remember, unfortunately has a proprietary control chip but Belkin has gone through loops and found a way around it.

The iPod shuffle now comes in five colors (black, silver, pink, blue and green) — 2GB for $59 and 4GB for $79; plus a special, limited edition, fingerprint-scratch-magnet polished stainless steel edition that’s only available via the Apple Online Store or Apple Retail Stores — 4GB for $99.

The classic-looking iPod, available in black or silver) has been updated to feature 160GB of storage instead of 120GB for the same price tag of $249.