You got it already!
There are some cool Apps for it at Apple.com in the Downloads area as well as in iTunes. At apple.com, dont look at iPod games, totally diff.. The Touch uses Apps like the iPhone.
Also, if you have a wireless Router/modem at the house, the Touch will link into its wireless system and you can go online and download songs, view webpages, download Apps and Podcasts wirelessly without having to link into your computer.
Also, do the tutorial at Apple.com on iTunes and managing your albums. To create a new Playlist, you just click that plus sign at the bottom left, name the album (playlist), then drag and drop songs into it. For instance, I created one that is 'fave 70's tunes', I then drad and drop songs into that playlist. You can delete the 'playlist' without deleting the songs. (Make sure you realise, playlists are menu's, not the songs themselves).
Also, if you want to put on photos, just create a iPod pictures folder on your main computer HD, then put in folders of your fave pics. Each folder acts as a photo album. One would be say Family, one would be aircraft, one would be the family puppy, etc. Then in iTunes, click the iPod icon on the left side panel and in the main screen at the top, click the Photos tab, then select the location of the folder for your photos. When you change photos in that computer HD folder location, they will 'sync' automatically when you plug in your iPod Touch.
There are alot of games out that use the 'tilt' sensor in the iPod. Some car games, you use the iPod like a steering wheel, turning it will turn the vehicle in the game.
Have fun man!
Bill