iPod Cell Phone

http://money.cnn.com/2005/08/30/technology/personaltech/ipod_phone/index.htm

CNN reports claim that Apple Computer and Motorola plan to unveil a cell phone with iTunes software sometime in the next week.

The new phone brings together two of the most popular digital services- the cell phone and Apple's iPod. The iTunes software on the new phone would allow users to transfer music files from their personal computers to their cell phone. The report from the New York Times is not clear whether or not users would be able to download music directly from the Internet to the new phone.

Apple, Motorola, and Cingular have neither confirmed or denied reports of the new phone hitting the market soon. According to the New York Times, Apple is going to make some sort of music-related news event in San Francisco on September 7.

My question is this: Will this marriage of digital technology set a new precedent for cell phones? Will this new phone create a new market for multi-use technology products?