According to the settlement’s terms, people who fill out a claim form are entitled to receive $50 redeemable toward the purchase of any Apple products or services except iTunes downloads or iTunes gift certificates. They can redeem the voucher within 18 months of final settlement approval at any bricks-and-mortar Apple Store or online.
Consumers who had battery troubles can also get their battery or iPod replaced. Apple currently replaces or repairs defective products that are returned within one year but the class-action settlement extends the warranty to two years, plaintiffs’ lawyers said.
Consumers who file a claim must have a receipt.
Read more: http://biz.yahoo.com/ap/050602/apple_ipod_batteries.html?.v=5
I tried following the link for www.appleipodsettlement.com, but it seems to be a little burdened right now.