My 3G iPod fell into a small amount of water and was pulled out no more than 2-3 seconds afterwards. It will turn on when you press the power button, but the home button and touch screen are useless.
I know I can either buy another or have it fixed. I drained as much water as possible, and am currently trying to add light heat to evaporate any moisture, as that has helped my past phone.
If there is anything that can be done that will give me my iPod back, please let me know. It will not play any music either and I have tried controlling the unit with my iPod headphones which has no effect either.