IPod Touch Price Drop

Hi,
I HAVE searched, and a good answer to my question was not found. The new iPhone is $199, and the iPod Touch is currently $299. I am aware that the iPhone plan rates have gone up. I would like to know if there has been any kind of announcement for the iPod Touch and a price drop. My 14th birthday is in about a month, I think I need to upgrade my 1g nano, but I don't think I can just run out there and spend $300.
Regards,

Thank you for the speedy answer.
Do you know if there exists an "exchange program" where you can "sell" an older iPod (A 1G nano in my case) and only pay the extra for a new one (which would be an iTouch in my case)?

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