OK, I admit it; I’m jonesin’.
I’ve been holding off replacing my 3G 15GB iPod with a newer model. I want more storage space so I can pull pictures from Arlene’s camera without having to carry my laptop around (important for our Hawaii trip), and I want to be able to watch and output video. There are Windows Media devices that do this, but so what. Accordingly, I’ve been waiting to see what Apple’s had up its sleeve. The new iPods look good, but it’s not clear whether you can transcode video for playback on the iPod yet. Warren Stone reported being able to use Forty-Two DVD-VXPlus to get content into iTunes, but no word on whether that content will work with an iPod.
The other question is whether iTunes itself will transcode, as WMP 10 does. I’ve heard that the videos and shows for sale on the iTunes Music Store are full-res, but I can’t seem to order one at the moment to test it.
Update: this post seems to indicate that the TV episodes for sale are 320×240, and this guy links to a description of how to transcode ReplayTV video to iTunes. There’s a similar thread here for TiVos but there’s nothing in it so far.
Update: Mark Pilgrim has two guides: one on ripping legally purchased DVDs to the iPod, and one for, er, other content.
Update: Dennis points out that the new iPods don’t accept Apple’s iPod remote. I use the remote all the time on airplanes and when running, so this is a major flaw IMHO.

iTrip used the same port that the remote did. Griffin has made a new iTrip that uses the DOCK connector. I imagine it won’t be long, but they will have a new remote to work with the new iPods. The new full sized DOCKS come with a remote now as well.