seems to be...I don't have any first hand experience, but that is what my managers tell me on how it works

and I don't know if there are any specific exclusions for Ipods.
OP ~ When I go to work on Wednesday I'll grab a BPP pamphlet and bring it home to read all the fine print. I can post back with what I find out. Might be good to know what it covers before you go in to TRU on BF.
I should clarify that the warranty is technically for 12 months, starting on the 91 day after purchase. The store return policy is 90 days and the BPP starts on the 91st day, so 15 months total coverage.