Rumors have been surrounding a possible addition to the multitude of Apple iPod Shuffle colors. The addition will be a (RED) product, which helps support charities and non-profits for Africa. Supposedly, up to $10 of every sale could potentially go to charities, without an actual price increase. Product (RED) merchandise has been selling like hotcakes for Apple’s current iPod Nano, but the addition of the red color should be quite complementary to the current product line.

Disclosure: Long Apple Inc. (AAPL)

The latest picture now shows a clear change towards the smaller, slightly wider size. Also, the traditional chargers have been scraped to be more like the iPod Shuffle style dock. The new dock will allow for charging and listening of music, much like the Shuffle’s dock. Otherwise, the earphones will go unchanged.

One of our frequent readers just wrote in to ask:
“Your iPod nano pics/link (rumored) are now up to date. New rumored nanos (with new pics) are out. Do you still expect a ‘lackluster’ release?”
-Lumi

Well, as the pictures and mock-ups become more detailed and of greater quality, the next iPod Nano update becomes increasingly more impressive and could have a tremendous effect on Apple’s (AAPL) stock. It will all be up to the user interface, which, as the rumors started, should be two sided and allow for Cover Flow.

Check out our new picture below:

Disclosure: Long Apple Inc. (AAPL)

Only two days before Apple’s (AAPL) release of new products to their line-up, investors and consumers are both hoping for multiple updates to the iPod line.

More pictures have now come out, displaying a clearer model of the iPod Nano update and the possibility of an iPod with a touchscreen interface.

While it seems all too soon to see a full-screen regular iPod, due to the fact that it should squash iPhone sales, anything can happen. The shorter, stockier iPod Nano doesn’t look half bad in the pictures, and it seems as though the screen width allows for better media viewing. Also, it appears as though Cover Flow may be adapted in the Nano update.

Check out the pictures below:

iPod Nano Mock-Up

iPod Mock-Up w/ Touch Display

Disclosure: Long Apple Inc. (AAPL).