Microsoft takes on iPod, iTunes

The New York Times reports that Microsoft has announced the development of portable music player aimed at competing with the popular iPod for a slice of the $4 billion market for portable entertainment devices. The project is moving forward under the code name “Zune,” and will also include an integrated service to compete with iTunes. This project marks a departure for Microsoft, which previously relied on partners to produce devices that integrate with Windows software… (Note: This site requires free registration.)