The cover of the July 26th issue of Newsweek reveals the much-rumored next generation iPod, which is expected to be unveiled early next week. The new digital music device appears to be slightly smaller in size than the third generation model and sports a new scroll wheel very similar to the one found on Apple’s iPod mini. The new iPod also retains a black and white screen (sorry folks, no color this time). Newsweek’s headline reads: “iPod, Therefore i Am. Steve Jobs and The Must-Have Music Player Everyone Is Talking About.” MacMinute is working to obtain a copy of the magazine for more details on the new iPods such as storage size, pricing, battery life, etc.