There is a forum at MacRumors for the iPod Touch. One member posted a video of how he'd turned a mini-DV tape case into a stand for his iPod Touch. I keep my Touch in a case, but am appreciative of how clever of a solution this was for anyone who needed another way to prop their Touch up for watching a movie. I'm a woodworker, and decided I could make a stand out of wood easier than anything else. Below is the prototype. It was made from the end off a pine 2x4. The iPod Touch is 8mm thick. I made the slot in the wood block for the Touch using a 21/64ths drill bit, then cut the parallel angled sides with a band saw. The pine is raw, and would look better with a finish or a paint job. I'll probably make a nicer one, with more refined lines, from Walnut or Cherry wood.
I cut the front lip at the same height as the lower edge of the screen. You can also stand your Touch vertically in the stand. The stand width is the screen's narrow dimension.
Let me know what you think. This stand was relatively easy to make. I might make a few to sell if there is interest. Watch this blog for images of the hardwood version(s) when I get around to it.