Zune is the digital experience that gives you access to premium entertainment and the latest technologies, allowing you to enjoy, connect, and discover content in a whole new way–the way you like it. Browse, stream, buy, and play all you want, including music, HD video, podcasts, games, and much more. Gain the freedom to enjoy your entertainment; Zune is everywhere you are–on your PC, Zune portable player, and Xbox 360 through Xbox LIVE. Zune brings your content up front, so you’re always in control.

* 32 GB capacity for up to 8,000 songs, 48 hours standard definition video, or 10 hours high definition video
* 3.3-inch OLED screen with 480 x 272 resolution and 16:9 display
* HD Radio gives you access to many local stations with crystal-clear digital sound at no extra cost
* Watch supported 720p HD movies, TV shows, and videos in high definition
* Buy, stream, and update your music, download free games, and surf the web via a Wi-Fi connection

Buy Zune HD 32 GB Video MP3 Player (Platinum) at Amazon.com

Zune HD specs are just amazing and finally cnet has hands on review.

Well, having just geeked-out with a pair of Zune HDs for about an hour, I am tentatively reaffirming my faith in Microsoft. This thing was worth the wait, folks. Mind you, it’s not going to crush the iPod Touch–a product that for all intents and purposes is more mobile computer than media player–but it’s safe to say that the Zune finally has the power to make good on the promise of delivering one of the richest music experiences on a portable device.

source: http://reviews.cnet.com/8301-12519_7-10303243-49.html

This just great news for mp3 industry and ipod is really need to something. Touch Screen, HD Playback, HD Radio built in..it will be bit hit…