I’ve just spent a few minutes at the UK Apple online store IMing with a guy called Paddy who was able to confirm that the new iPod touch can download podcasts over wifi but only if you create the subscription on the device. It would appear that the touch won’t import podcast subscriptions that you may already have setup in iTunes on your PC/Mac. Somewhat disappointing given that I’m going to have to create all my existing 42 podcast subscriptions all over again.

UPDATE (22.10.07): It seems pretty clear from the comments that the iPod touch DOES NOT download podcasts over wifi and I was mislead by the guy at the UK Apple online store. So, no iPod touch for me then!