Needham & Company Analyst Charlie Wolf had a number of insights to share that we covered earlier. Perhaps the single most thing that struck us was his warning about the iPod touch as a device that would be at a serious danger from the iPad. He believes the iPad will cannibalize iPod touch sales and grow at its expense. There’s some truth to that. For Web browsing and media consumption, we could see that happen to an extent. However, to say that the iPad will kill the iPod touch is unrealistic.

The iPod touch is a mobile device that touts portability as its biggest strength. Sure, it may not have the constant connectivity option with 3G, but a 10-inch device can’t compete with a gadget that’s sole purpose is offline media consumption. Not to mention, how many parents would purchase a tablet for their children to carry with everywhere they go over the more portable iPod touch? And how many people would actually purchase the iPad over the iPod touch to carry with them everywhere they go? Imagine pulling out your iPad at the gym and listening to music. Yeah, it’s not happening.

Interesting thought, but Wolf may be stretching his theory a bit too much.