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Looks like the cat is out of the bag on pricing…. (update – webpage removed from walmart.com)

More info after the break including specs, etc…

Source : Engadget

From Wal Mart’s Website

Item Description
It’s brand new. It’s really cool. And it’s called Zune. When you want more than just another MP3 and video player, get one of these. Giant 30GB storage for music, photos and video ensures you’ll never be bored. Ever. Best of all, the large, bright LCD display can go from portrait to landscape mode as you turn the player. Really. So whatever you’re looking at always looks good. In Black.

Key Features & Benefits:

• 30GB capacity 
• Keep 7,500 songs (MP3 format) or 25,000 photos at your fingertips, or even 100 hours of video  
• Photo and video compatible 
• Hard drive storage format
• Sometimes you want more than music to entertain you; the Zune delivers both photo and video options
• Integrated hard drive provides massive amounts of memory for the least amount of money
• 3" portrait or landscape video screen
• Unusual 3" video screen goes from portrait to landscape mode as you turn your Zune; you always see the best picture possible
• Extensive file format compatibility 
• Advanced software lets you import most music, photos and videos with ease
• FM tuner 
• Catch the Top 40, stay up to date with your favorite sports teams, and make sure the weather doesn’t take you by surprise
• Online music store
• Browse the huge selection of music in the Zune Marketplace designed to work flawlessly with your Zune

Specifications

• Max. Storage Capacity: 30 GB
• Memory Type: Built-in, hard disk drive
• FM Stereo Tuner: Yes
• 1. Special Features: Zune comes with a big bright video screen that works in portrait or landscape mode, Zune to Zune Wireless Sharing, Customizable background.
• Digital Audio Formats: Zune software can automatically import most music, pictures and videos from iTunes and Windows Media Player. Unprotected content that does not have digital rights management protections must be in the following formats to be imported by Zune software (Music: WMA, MP3, AAC; Photos: JPEG; Videos: WMV, MPEG-4, H.264) 
• PC Compatible: Yes 
• Data Storage: Yes
• Hrs. of Music (approx): 500 (MP3) or 1,000 (WMA)
• # of Songs (approx): 7,500 (MP3) or 15,100 (WMA) 
• Model No.: JS8-00001 
• Shipping Weight (in pounds): 1.0 
• Product in Inches (L x W x H): 5.55 x 5.55 x 2.24
• Assembled in Country of Origin: USA and/or Imported
• Origin of Components: USA and/or Imported 
• Wal-Mart No.: 000000000

What’s Included 

• Ear buds
• Ear bud cover
• Sync cable

Chris Leckness (3531 Posts) - Website | Twitter | Facebook

Chris Leckness is the Owner/Administrator of Mobilitysite. He is a Microsoft MVP, Mobile Devices and a member of the exclusive focus group, Mobius. Chris runs a Mobilitysite, GotZune, and a few other smaller sites and blogs. His personal blog is chris.leckness.com.