Is it possible to create a slide show that can run on the new iPod
with pics? That is, a slide show (with audio, of course) that has all
the bells and whistles such as fades, changing rates of picture
display, etc.?  If so, what software program or programs exist that
will allow creation of such a slide show that can be ported into an
iPod?

Put PowerPoint on your iPod Photo

This How-To is a quick and simple one if you have an iPod Photo and
use PowerPoint or Keynote and don?t want to lug around a computer?you
can just plug in to a projector or a TV. This will also work with a
Portable Media Center, or any other photo playing device that can be a
video source.

The full article is in:
http://www.engadget.com/entry/2872212676610755/

google search:
Slide Show + iPod 

I hope it helps.
Phossil