Lulz, I own a Zune at the moment but I won a iTouch so I switching over. I love my Zune still though, but the epicness of the iTouch is overwhelming.
I just looked it up. It's called the ZuneHD... which is supposably to be released this fall, though has no confirmed date. The confirmed features so far are: 3.6 inchish OLED full touch screen NVIDIA Tegra powered 4GB, 8GB, 16GB, 32GB, and 120GB versions HDMI Connection to stream straight to your TV HD Radio Web Browser WiFi compatible, with wireless marketplace Home AV packs, Car packs, Charge packs Wireless video downloads. I will definitely be looking forward to this.