I neither own nor have even heard a Touch, but it's interesting to see someone apply the ideas of tuning thread and interrupt priorities in a real-time Linux environment to this popular kit.
While not directly applicable to the Touch, here's one web ref. that explains a few concents and shows how IRQ priorities can be juggled/tuned for low-latency audio.
For a more general overview of real-time Linux in the audio context there is:
And there's always the ALSA low-latency how-to:
Unfortunately like a lot of ALSA documentation the last ref is not very up to date.