Yes, it will. How much memory it has doesn't have an effect on the size of the iPod it self.
It depends on how much memory you are going to be using(and how much you're willing to spend) but there is an 8gb, 16gb, and 32gb.
16gb
The iPod touch which is 16GB at Costco is around $200. im getting the iPod touch for 16GB tomorrow and its about 80-90 dollars less than a 32GB iPod touch.
There are either 8Gb ipod touch an 16GB ipod touch or a 36Gb ipod touch Well, actually, there are 8Gb, 16Gb, 32Gb, and 64Gb... but i havent seen 16Gb and i think there are 24Gb
16gb Ipod Touch- 3,500 songs 20 hours of video= $299.00
iPod touch 4th generation 16gb: $299 NZ iPod touch 5th generation 32gb: $459 NZ
16 gigs worth of memory.
Yes, you can buy either 8gb or 16gb, I think.
16gb
A 16GB ipod can hold 3,600 songs
You cant expand the memory of your ipod, if you want more you will have to buy a different ipod with more memory.