Apple has arranged a invite only press conference on 7th August. According to Apple its a Mac only event but the prices of 5.5G iPod has been dropped on many online stores like Amazon, Best Buy, Circuit City and J&R online. Plus there have been rumors going around that Apple will release the 6G iPod very soon. It can just be an attempt by Apple to clear away the excess stock. Nobody knows what will be released but we will find out whats up Apple's sleeve on 7th August.