Just in time for Valentine’s Day, a gorgeous new pink iPod nano joins the lineup of the world’s most popular music player. The much-requested pink iPod nano features a stunning two-inch display for watching music videos, TV shows, or movies rented using the brand new iTunes Movie Rentals. Available immediately in an 8GB model for $199, the pink iPod nano can play up to 24 hours of audio or 5 hours of video on a single charge. In addition to pink, 8GB iPod nano models also come in silver, black, blue, green and a (PRODUCT) RED special edition.

DJ cum live music producer, Paul van Dyk weaves his own music on stage in real-time on a pair of 17-inch MacBook Pro computers running Logic Studio and Ableton Live. “Ever since I basically began making music, I’ve worked with Macs,” he says. “They’re in the studio as well as on the road. I’ve always had my Macs with me. They’re an essential part of my music.”

Apple today introduced the world’s thinnest notebook: MacBook Air. It measures an unprecedented 0.16 inches at its thinnest point while its maximum height of 0.76 inches is less than the thinnest point on competing notebooks. In addition to a stunning 13.3-inch LED-backlit widescreen display, MacBook Air offers a full-size and backlit keyboard, a built-in iSight video camera for video conferencing, and a spacious trackpad with multi-touch gesture support, letting users pinch, rotate and swipe. The new notebook is powered by a 1.6 GHz or 1.8 GHz Intel Core 2 Duo processor with 4MB L2 cache, and it includes as standard features 2GB of memory, an 80GB 1.8-inch hard drive, and the latest 802.11n Wi-Fi technology and Bluetooth 2.1. Starting at just $1,799, MacBook Air begins shipping in two weeks.

A backup appliance that works seamlessly with Time Machine to automatically and wirelessly back up everything on one or more Macs running Mac OS X Leopard, Time Capsule combines an 802.11n base station with a server grade hard disk in one small package. “Bring Time Capsule home, plug it in, click a few buttons on your Macs and voilà—all the Macs in your house are being backed up automatically, every hour of every day,” said Steve Jobs, Apple’s CEO. When it ships in February, Time Capsule will be available in models featuring 500GB and 1TB hard drives for $299 and $499, respectively.

iPhone Software Update 1.1.3, a free software update available today via iTunes 7.5 or later, brings significant new features to iPhone. After installing the update, iPhone customers will be able to automatically find their location using the redesigned Maps application; text message multiple people in one message; create Web Clips for their favorite websites; customize their home screen; and watch movies rented from the new iTunes Movie Rentals right on their iPhone.

With the installation of this major software upgrade, the best iPod becomes even more: the world’s best Wi-Fi mobile device. The upgrade—available from iTunes for just $19.99—adds five more great mobile applications to iPod touch: Mail, Maps, Stocks, Weather, and Notes. It also includes such new features as Web Clips, a customizable home screen, and the ability to watch iTunes Movie Rentals on iPod touch.

Available today with the free download of iTunes 7.6, iTunes Movie Rentals allows customers to rent movies for as little as $2.99 and watch them on their Macs or PCs, all current generation iPods, iPhone and Apple TV. Featuring movies from all the major movie studios—20th Century Fox, The Walt Disney Studios, Warner Bros., Paramount, Universal Studios Home Entertainment, Sony Pictures Entertainment, Metro-Goldwyn-Mayer (MGM), Lionsgate and New Line Cinema—iTunes Movie Rentals is expected to offer more than 1,000 movie titles by the end of February, including over 100 titles featuring stunning high definition video with 5.1 Dolby Digital surround sound. Movies can be rented directly from a widescreen TV using Apple TV.

Available as a free automatic download later this month, the new software announced today lets movie fans rent movies on the iTunes Store directly from their widescreen TV. With iTunes Movie Rentals and Apple TV—and with no computer required—customers can effortlessly rent movies just by clicking a button on their remote. By the end of February, they’ll be able to choose from a catalog of more than 1,000 titles, including over 100 titles in stunning high definition video with 5.1 Dolby Digital surround sound. DVD-quality iTunes Movie Rentals cost just $2.99 for library titles and $3.99 for new releases. High-definition versions are just one dollar more with library titles at $3.99 and new releases at $4.99.

Twentieth Century Fox and Apple today announced iTunes Digital Copy for iTunes, which provides customers who purchase a DVD of a Fox movie title with an additional Digital Copy of the movie. The iTunes Digital Copy can be transferred effortlessly to iTunes and then viewed on a PC or Mac, iPod with video, iPhone or on Apple TV—just like a movie purchased and downloaded from the iTunes Store. In fact, the first DVD to debut with iTunes Digital Copy is being released in stores today. It’s the Special Edition DVD premiere of the Family Guy “Star Wars” parody, “Family Guy Presents: Blue Harvest,” and the first of many more to come.

Together with his intrepid film crew, documentary filmmaker Drew Wharton often found himself within feet of enormous bellowing 4,500 pound alpha males clashing mightily over females in estrus. It is A Seal’s Life, after all. The film (which debuted at the Monterey Bay Aquarium) tells the story of the world’s largest seal species—the northern Elephant Seal—behemoths that come ashore once a year to give birth, molt, and mate. “Apple technology saves me a ton of time and money,” notes Wharton, who edited the film in Final Cut Studio. “Our whole workflow is based on Macs, from field acquisition to post production. A Seal’s Life was made on a Mac from start to finish—for me, it didn’t make sense to do it any other way.”