Word on the street is that the new iPod Touch runs the same OS and uses the same binaries as the iPhone. After yesterday we all already knew that the two operating systems looked the same, and that the iPod touch already has almost all of the same applications and the same data entry and all the same iPod type functions that came with the iPhone.

So why is the iPod touch missing some of the apps from the iPhone? One person has already speculated that its because Apple wanted to separate the two devices. Basically they wanted to make the differences more prevalent than the PDA vs. the Smartphone where the only difference is cellular network connection.

And they have, but if this whole software thing is true, you can more than likely expect all of the apps, both from Apple and from other 3rd parties, to be headed to the iPod Touch in due time. So basically, if you already have a cellular device that you like just fine, but you like the other features of the iPhone, just wait and buy an iPod Touch, they will be almost exactly the same.

iPod Touch Can Run All Apple and Third-Parties’ iPhone Apps [via Gizmodo]