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This is just iPod day, isn't it. Arstechnica is saying—and this is all rumors and lies—that the iPod Video will contain Sharp's Sharp LH7A400 system-on-chip to drive the LCD and playback. That means you've got some flash card support, a little ARM processor action, and MPEG4, MP3, and JPEG decoding. That's nice, isn't it?

The brains of the Video iPod revealed? [Arstechnica]

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