In less than three hours, Apple’s iPod oriented event will start. We have a general idea about what’s going to happen but we’re hoping for a few surprises. Whatever is going to happen, we’re going to be virtually there to report it.

But what are we to expect from the “Let’s Rock” event? According to various sources and even more rumors, the new iPod shuffle will come in 5 colors while the iPod classic will come in the classic colors, black and silver but it might arrive with 120GB storage space. The touch will not be offered in any other colors and it’s probably going to be very similar to the current version. The touch will also keep current capacities: 8GB, 16GB and 32GB.

The iPod nano has been in the spotlight lately. Pictures of its new design have surfaced everywhere on the web. Rumors say the nano will come in 9 colors. Besides that it will have an orientation sensor which will help you shuffle your playlist and see your Cover Flow in landscape mode should you choose to. As for future sizes, the nano is expected to arrive in 8GB and 16GB versions.

And then there’s iTunes 8 and iPhone firmware 2.1. In less than three more hours we will see what’s going to be confirmed and we’re going to tell you everything about it.