We will have to wait, measure, and see. Manufactures often go backwards with new products despite their marketing claims--especially in areas that are not immediately obvious or easily verified. Apple's marketing team played up the new "much more durable" screen glass on the iPhone 4, when in reality, it's proven to be far more fragile and there's already a class action lawsuit over it and some of the accidental damage insurance plans are now excluding the iPhone 4's screen glass from their coverage due to excessive claims.
Apple largely follows a "form over function" design philosophy. And in wanting to make the iPhone 4 slimmer and more sexy, they made the glass far more vulnerable if the phone is dropped. They switched to a more durable type of glass, and their marketing department played it up as a great new feature, but their aesthetic design choices still made it more fragile. So I wouldn't be surprised if we see "24 Bit DAC" proudly displayed on the Apple website but the 24 bit iPod's actually measure worse or about the same.
It's worth noting that other factors in a portable player generally limit what's known as the "ENOB" or Effective Number Of Bits. Even the best portable players I know of don't achieve, in the real world, 16 bit ENOB. So it's unlikely a 24 bit DAC is going to change things much. (see:
http://en.wikipedia.org/wiki/ENOB and also:
http://en.wikipedia.org/wiki/Digital-to-analog_converter ).
Finally, as shown in my Clip+ review, the iPod Touch 3G, with the exception of it's lousy output impedance, already has excellent audio performance including the DAC performance. So it's not the DAC that needs improving, it's the headphone amplifier circuitry.