Whenever Apple brings out a new iPod Touch, the specs never quite measure up to the latest iPhone's, though the Touch is a good deal lighter and thinner. In the case of the new fifth-generation iPod Touch, you get an A5 processor instead of an A6 and the camera isn't as good as the iPhone 5's camera (though it has improved quite a bit).
Alas, iPod Touch buyers should also note that while Apple has included its new EarPods, they're missing a small but important feature: the inline remote with integrated microphone found on the iPhone 5's EarPods.
The same mic-less EarPods also ship with the new iPod Nano. Oh, and these step-down EarPods don't come with a carrying case. In all other respects, including sound quality, the two EarPod versions are the same.
This isn't a departure for Apple. Previously, it didn't include a "headset" with earlier iPods, which shipped with standard Apple earbuds. And while it's not a huge deal -- the iPod Touch does have a built-in microphone for FaceTime, Skype, and other Internet calling (VoIP) apps -- it would have been nice if Apple had thrown in the remote/mic version of the EarPods, especially when you consider the Touch's relatively high price point and how much it's evolved over the years. The first three models didn't have cameras. But now the Touch is more iPhone than iPod.