BetaNews | MS Handheld an iPod and PSP Killer?
BetaNews MS Handheld an iPod and PSP Killer?: "Microsoft's own answer to the iPod may not come in the form most people are expecting. According to BetaNews' own sources and those referenced in a Monday article in the San Jose Mercury News, the folks in Redmond may be looking to kill two birds with one stone.
Plans are rumored to be in the works for a device called the XPlayer. This device would combine an Xbox-like gaming device with a multimedia component that would play video and audio. This would mean that in one fell swoop, Microsoft would have a competitor to the PSP, Nintendo DS, and the Apple iPod.
The device would likely make heavy use of Microsoft's upcoming content service, currently code-named 'Alexandria.' Although sources have provided little in the way of exactly what the application would do, it has been described as a Microsoft version of Apple's iTunes.
Either way, Microsoft has assembled quite the team to work on the project, including some high profile talent from the Xbox 360 team. According to the San Jose Mercury article, J. Allard is heading the project, with Xbox 360 system designer Greg Gibson as director. Xbox financial executive Bryan Lee will handle the business side of the project."

