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The touch is a different line than the Mogul and you can't really consider it an upgrade or downgrade from the Mogul as its intended for a different market.
The cpu and chipset are the same as the mogul and this makes some of the hardware specific drivers compatible with the mogul's hardware (i.e. bluetooth drivers). The Touch has twice the RAM as the Mogul as well. However, it also lacks the wi-fi, hardware keyboard and flash/flashlight that the Mogul has.
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