10/13/2006, 9:10am, EDT
Friday, October 13th
Apple unveils iPod nano (PRODUCT) RED
"We're ecstatic that Apple is giving their customers the choice to buy a red iPod nano and help women and children affected by HIV/AIDS in Africa," said Bono, co-founder of (RED). "It's wonderful to see this incredible level of commitment from companies that are willing to lend their creativity in the fight against AIDS in Africa, the greatest health crisis in 600 years."
The iPod nano (PRODUCT) RED Special Edition is available worldwide in a 4GB model for $200 exclusively through Apple's retail stores and the Apple Store. The new iPod nano models include redesigned earbud headphones and a USB 2.0 cable. The second generation iPod nano features up to 24 hours of battery life and completely skip-free playback. The iTunes (PRODUCT) RED gift card will be available through Apple's retail stores and the Apple Store online next month for $25.

"Now customers can buy the best music player in the world and do something to help the world at the same time," said Steve Jobs, Apple's CEO. "We're honored to work with Bono, (RED) and this team to contribute to an incredibly important initiative and help change the way people think about AIDS in Africa."
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I also think the red looks very nice. Hope it does well and raises a lot of relief money.
As for the student discount, Apple re-priced all iPods so that the discount is irrelevant. If you look at historic iPod pricing, the shuffle was $79 for students, and now is $79 no matter what. The iPods were $269 and $369 for students, and are now $249 and $349 for all. The nano specs were increased, so it's not fair to compare, but in general, you get more for the same money, or pay less for more product than before, so why are you complaining?
The point the OP is trying to make is that Apple used to have discounts for students, but as bfalchuk points out, their regular prices are now way below prior student pricing..