"Microsoft (MSFT) is entertaining a cadre of reporters on its Bellevue campus in advance of an announcement that's coming out today: We hear that it's Zune-related. Given the makeup of the press corps we hear they've assembled (entertainment writers from the big dailies, guys from the big glossies), that makes sense. We'll update with more info as we get it; meantime, anyone want to take a guess? We await your comments."
Given all the leaks that are popping up, I'd say this report is probably right on the money. Feels like we're really close then...
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