And here we thought people had finally run out of “i” words associated with iPod accessories? Guess not since watch maker Timex today announced the $125 Timex Ironman iControl.

The iControl, which functions as an “advanced sports watch,” is designed to wirelessly operate your Apple iPod. How it does this exactly we aren’t clear on – assume there will probably be an attachment for your iPod. Anyhow, the watch will let you control functions such as play/pause, volume and track forward/backward.

Beyond Apple iPod control the water-resistant iControl functions much like any other advanced digital sports watch. There’s a training log to store data from a current workout, countdown timer, two interval timers and more. It all stacks up to a convenient way to handle tunes on your iPod without needing to fiddle with your player while you jog down the road.

Time Ironman iControl Press Release