Yes, this is true! — You are just a tap away from launching Windows 7 on your iPod touch 3G/4G.
According to one of the forum member of Modmyi, LaGGah, Windows 7 ultimate will soon be available on iPod touch. However, the project is in the testing phase, but it will see the light of the day very soon as mentioned in the forum thread.
It will be interesting to see how this project unfolds in the coming weeks. For now, the Windows 7 Ultimate looks drop dead gorgeous on the iPod touch:
Although not much has been revealed in the forum thread, but if you notice the upper left corner of the screen shot, there is a network connection with the PC — chances are that the iPod touch will connect to the already-installed Windows 7 PC, via an app, much like VNC Viewer.
The new features included in this project are as follows: