At an exclusive product unveiling today (just 3 months since the last iPod hit the shelves), Steve Jobs of Apple announced they have developed and are about to release the smallest iPod to date. The iPod Grain, as the name implies, is about the size of a grain of sand. The new addition to the music player line-up from the Jesus Phone maker comes with a non-expandable 1TB of flash memory for all your songs.

Speaking of songs, the Grain exclusively plays formats in Apple's proprietary...