Is there any way on the 4g iPod to make more than one photo folder?
You have to sync your phone to your computer and make the folders on there. And then sync them onto your phone. It's kinda lame that you can't do it on your phone.
No, I've already tried
I got 2 folders. You have to make a folder in a pc
Download an App like "My Photos" and you can make lots of folders and import your pics into them anyway you like.