After a swim through a sea of Diet Coke, my pink Ipod mini has returned safely home, fixed and good as new (or at least as new as it was before its little swim).
What I've learned:
1. Keep your Ipod away from Diet Coke (or any liquid).
2. Even if the can is unopened and has been carried in your bag every morning the same way for weeks. Eventually something will happen to cause the can to explode and it will drench said Ipod.
3. If you have any issues with your Ipod, check out Ipod ResQ. They are somewhat reasonably priced and their service is super fast!
I hope my little mishap will help others avoid a similar episode.