I own an iPod Touch 4g. Now i'm planning to buy iPod Touch 5g. Is it possible for me to register the new one with existing Apple ID so that i can transfer the apps from my existing account to my new Ipod 5g?

I own an iPod Touch 4g. Now i'm planning to buy iPod Touch 5g. Is it possible for me to register the new iPod with existing Apple ID so that i can transfer the apps from my existing account to my new Ipod 5g?

There should definitely be no issue. You can register more than one Apple device with the same Apple ID and get the same apps on both devices without having to pay for the apps again.
Alternatively, if you want all your settings to say the same, do a backup of your old iPod Touch and then whe you receive the new iPod, restore the backup on it and it'll save you the trouble from having to redownload everything.
Cheers.

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