No. You need to connect it to a computer. To do that find a computer with iTunes 10.6 amd an internet connection and:
- Transfer iTunes purchases by:
iTunes Store: Transferring purchases from your iOS device or iPod to a computer
- Transfer other music by using a third-party program like one of those discussed here:
Copy music
- If yu have synced photos and some other items you will need a paid program like TouchCopy or PhoneView. They also do music.
- Connect the iPod to the computer and make a backyp by right clicking on the iPod uder Devices in iTunes and select Backup
- Then restore the iPod from that backup. The iOS will also be updated to iOS 5.1.