Apple quietly updated the iPod Shuffle line of ultra-portable music players with a range of colors this week. $79 gets you a 1GB player of your choice, and you pick the color. The iPod Shuffle was redesigned last year, moving from the stick-like form factor to a little clip-on that is even smaller.

It’s funny, but I remember the Saturday Night Live sketch about the iPod continually shrinking… and that was before the new iPod Shuffle redesign.

It’s on YouTube, of course…

I still think it’s hilarious. My favorite quote…

Newscast: “Wait… That iPod was only out for like 5 seconds!”

Steve Jobs: “5 seconds too long. It was too big. Ridiculous.”