Apple has just released their third generation of the iPod Shuffle and they are calling it the world’s smallest music player that also happens to be the world’s first talking one. The latest iPod shuffle comes equipped with 4GB of memory in silver or black priced at $79.99. The shuffle has always been hindered by the lack of a screen, but apple is hoping to replace that by having the shuffle speak to you. The new shuffle will be able to tell you the playlist you’re on (yes, you can have multiple playlist on the shuffle now), the name of the song and artist. But best of all, it will come with the new earbuds that are equipped with easy access controls. It’s available in stores today, expect it to ship in 3-5 business days if you order online.

Update: Because the new Shuffle doesn’t have any controls (other than the power and shuffle) on the device itself, it relies on Apple’s proprietary headphones to control the device. Non-Apple headphones will require a special dongle, but Apple states it’s working with third parties to bring other headphones to market. The new Shuffle is not as cool as I original thought, and customers in the market for a shuffle may not want this over the second gen model. Is that why Apple opted to keep the second gen Shuffle in the Apple Store?