Nobody told iSkin that Apple stopped making the first generation iPod nano so they've come out with the SiLo, a fancy case for said 1G iPod nano. How fancy is it? There's a two-tone leather ("premium leather" at that) exterior while the inner layer is made of silicone. The SiLo also covers the click wheel, which just has to be some sort of innovation that's never been done before.
The iSkin SiLo is out now for $50 and a 2G iPod nano version is in the works as well. It's a pseudo luxury case for pseudo fancy people.