On September ¹⁴, 2006 Microsoft officially unveiled Zune player. Here is some of the information from their website in a nutshell:

Zune™
The Digital Media Player

Available Zune Colors: Black, White and Brown

Zune Overview:
Zune starts with a 30GB digital media player and adds a twist. You can wirelessly share selected full-length sample tracks, playlists, pictures or your home-grown tracks directly from Zune to Zune. (The Zune-to-Zune sharing feature may not be available for all songs on your device, and works only between Zune devices within wireless range of each other. This feature allows recipients to play full-length sample tracks up to three times in three days. Recipients cannot resend music that they have received via the sharing feature) You can listen to the full-length songs that you receive up to three times in three days, flag the ones you like and easily buy them the next time you sync up. You can discover new music in the Zune Marketplace, and show off your favorite pictures and videos on the big, bright screen. Zune has all that and a built in FM tuner, too. Let your inner DJ run wild.

Zune Features:

• Wireless Zune-to-Zune sharing. Zune lets you spontaneously share selected full-length sample tracks of your favorite songs, homemade recordings, playlists or pictures with friends wirelessly, device to device.1 You can listen to any song you receive up to three times in three days. And if you like a song you hear and want to buy it, you can flag it right on your device to easily find it later.
• Your own personalized Zune. Zune is easy to use and easy to love. You can choose one of three base colors, each combined with a distinctive double-shot finish created by the overlay of one color on another. The player also can easily be customized with your favorite pictures.
• Large color screen. Zune comes with a bright 3-inch LCD video screen that works in portrait or landscape mode. Your music, video and pictures never looked better.
• 30GB player. Zune stores up to 7,500 songs, 25,000 pictures or 100 hours of video. (Music estimates are based on 128KBps WMA files, with length of four minutes each. Pictures transferred to Zune will be optimized for Zune screen size. Video estimates are based on 500KBps WMV files with 128KBps WMA audio tracks.) You can make playlists on the go and watch a slide show while you’re listening. Watching video in landscape mode gets the most out of the vivid display.
• Zune Pass. Downloads or a subscription? It’s your choice. A Zune Pass subscription gives you “all you can eat” access to discover and explore the Zune Marketplace.
• Built-in FM tuner. With the built-in FM tuner you can listen to local FM radio stations or tune in to programming while you’re at your local health club, for example. Advanced tuning capabilities allow you to see the name of the song currently playing on selected frequencies. (To display station name and song information, stations must broadcast a Radio Broadcast Data Standards (RBDS) signal. Availability may vary.)

Zune Accessories:
You can choose from a full line of accessories to outfit your Zune. Three Zune Accessory Packs provide complete solutions for Zune in your car, Zune in your home or Zune while you travel. Individual accessories are also available.

Additional Information about Zune:
Online music store. You can browse the huge selection of music designed to work seamlessly with your Zune in the Zune Marketplace. When you find new music that you love, it’s simple to buy it and sync it on your player. The Zune Marketplace works with the Microsoft® Points program so you can purchase music online without a credit card.

• Import your music. Zune software can automatically import your existing music, pictures and videos from iTunes and Windows Media® Player in a variety of formats, including your existing playlists and song ratings, as permitted by the online service from which it was purchased. (Zune software can import audio files in unprotected WMA, MP3, AAC; photos in JPEG; and videos in WMV, MPEG-4, H.264)
• It only gets better. As Zune evolves, your device can be easily updated. The Zune software on your PC (Requires a PC running Windows® XP with Service Pack 2 and high-speed Internet connectivity.) will let you know when updates are available for download. And with built-in wireless capability in each player, the future is filled with possibilities.

for more details view Microsoft zune player page.

Disclaimer: Microsoft, Zune, Windows Media and Windows are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.