The Making of "iPod Video fake"
You'll find the video mirrored here
. Apparently those iPod Video rumours are based - at least in part - on a picture made to look similar to the picture leaked previous to the 5G iPod's introduction.
This does not
necessarily mean Apple's not working on something like it, of course. After all, it's stupid to assume Apple's not
working on a 6G iPod. It's just unclear what the feature set of the next full-featured iPod will be.