According to the folks over at AppleInsider, Apple will be releasing a Red version of their 4GB iPod Nano tomorrow. The release is intended to raise funds for 'Product Red', an initiative aimed at eliminating AIDS in Africa:
"Both the U2 frontman and the famed talk show host will publicly unveil the new "iPod nano Red" -- a 4GB version of Apple's second-generation iPod nano in a red anodized aluminum enclosure -- on national television this friday. The two celebrities swung by Apple's North Michigan Ave. retail store in Chicago, Ill. on Thursday afternoon to film a promotional segment for the cause, which will air on tomorrow's edition of the "The Oprah Winfrey Show."
Apple, which has agreed to price the player inline with its existing 4GB iPod nano models at $199, will donate $10 from the sale of each unit to the Product Red charity."