Sure it's 5 years from now, but I highly doubt a device as small as the iPod will be able to cram the necessary processor brunt to handle full HD video. AND increase in storage size AND improve battery life. Barring some revolutionary improvements in miniaturization technology, I do not think that is very realistic at all. Now, in 5 years we might see improved video codecs that produce startlingly good video on big screens with small file sizes(we're already almost there) but I don't think we'll ever see real uncompressed HD video on iPods or any device that is iPod sized.
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