Later this week at the Moscone Center in San Francisco Apple is expected to make an announcement of well, they haven’t said. Though it is rumored that they have two new products in the works. One would be a iPod with WiFi and touch screen like the screen found on the iPhone; the other would be a iPhone Nano that would be priced lower then the current 4 GB phone, which sells for $500. Could it be they are announcing the European iPhone?

Additionally it is expected that iPhone users will now be able to download and customize there ring tones, by downloading music from the iTunes store, they will also be able to convert songs that are previously downloaded though itunes.

The ring tone feature is likely to be unveiled as an enhanced download at the iPod announcement next week, according to the New York Post.

“IPhone users will have the ability to choose any part of the song they want as their ringtone,” the Post said, observing that previously purchased iTunes songs will also be able to be converted.

[Via AFP]