Yes, however, that only works for files. It doesn’t work with your Outlook, or any other desktop office application I can think of.
I know it’ll take all the tunes you’ve ripped and synch them to the iPod. I do that with the kids all the time. Try synching your schedule, contacts, tasks, notes, email.
I don't use outlook so I don;t have that problem, I synced all those things before the iCloud, and I still could, but I don't because I like to sync my iPhone from anywhere. I am 73 years old so I could care less about learning a new system, even Apple's changes are annoying. I actually don't even need an iPhone, I use it as an iPod, but it also has apps for most of my talk radio buddies, so I can get Levin anywhere. Navigon comes in handy, but I rarely drive anymore, so it is more a toy that I just hate to throw away. The Phone has an unlimited data plan so If I could get one of the grandkids to change numbers I would pass it on. Then move to the New iPad and use MagicJack to make free phone calls. I was kind of hoping for an intermediate size iPad that would be easy to carry, but hey I would like a nice 20 inch for my bedroom. {:-)