Virgin Mobile has the ZTE Peel 3200 iPod Touch 3G Mobile Hotspot for $30 with free shipping and activation. Provides a 3G connection for the iPod Touch 2 & 3. Monthly plan is $20 for 500MB.
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It provides a connection for any 2 WiFi devices, period. It's made to clip around the iPod Touch 2&3, the 4th gen is a little too slender to stay inside. Just the same, it's a cheap, slow AP with a 3 hour battery. Keep a paperclip with you in case the thing freezes.
Data comes in one size - $20 for 500MB for 30 days. If you run out of data, you can pay again to reset the clock & counter. As far as I've seen, renewal is entirely at your discretion. You can set to be auto-charged at the end of 30 days, or refuse that and manually pay $20 just as you need it.