Citing a reliable source, LoopRumors is reporting that Steve Jobs will appear at an Apple “Special Event” this August. More than likely, and as has been suggested previously, Apple is expected to announce upgrades across its iPod line, including a new iPod Touch with video recording capabilities a’la the iPhone 3GS.

If true, I can only imagine what the applause and reception will be like once Jobs steps back out on stage and into the public eye for the first time since taking a voluntary leave of absence from Apple this past January.

On a somewhat related note, AppleInsider reported this past weekend that Apple is considering a 7-10% pricecut for the iMac early this fall.