The myTouch 3G and the HTC Hero both had somewhat awkward launches. They were released right before a whole new generation of smartphones with much faster processors and much more RAM launched. Today, though, TMoNews has photos of the newly revamped myTouch v1.2.
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These updated smartphones are basically just un-branded Fender Edition myTouchs. They all sport 3.5 mm headphone jacks and have (most likely) also had their RAM increased to 288 MB. While there's nothing earth-shattering about this revamp, it does make the myTouch into a much more useful device.