Haven't we heard this all before? I still haven't seen the iPhone nano, also rumored by WSJ among others:
Okay, I'll speak slower. When I say "think iPod nano" I'm referring to actual clock, e.g, hands, time constantly showing, tick tock, clock. While there are apps that provide this functionality, the clock app does not.
When I use my iPad 2, only a few things come to mind regarding the device itself: The impressive screen, battery life, and its build quality. I think most consumers have the same criteria, so processors, OS features, etc. are immaterial to the mass market. Sure, some may complain, but most don't know how to implement the features currently in the device (e.g., gestures, app switching, etc.).
Apple didn't design the QuickTakes, they were just rebranded much like the printers were. The were made by Kodak (100 & 150) and FujiFilm (200). While I doubt Apple makes a camera, they could go along way in the accessories arena, because there aren't a lot of good solutions thus far.
He could easily be referring to the missing Transit directions, which are currently in Maps, used heavily by urbanites, and was handed off to other Apps in the App Store during Apple's keynote yesterday.