Xbox Zune? or A Zune Phone?

Could Microsoft be planning to talk about the Zune.   Some blogs are talking about how this will be talked about in next month at CES.  According to some posts and I'll quote:

The Tech Trader Daily column earlier this week on Barron's reports that Global Equities Research analyst Trip Chowdhry predicts Microsoft will reveal a Zune phone next month at CES. Chowdry expects that much like Apple's iPhone the device will combine music player capabilities with, he says, "some motion enhancement features."

[Via 1UP]

Although this is a theory, and I can see this happening due to the fact that Microsoft has always like to tie together there products.    So what makes this even more tangible is the fact that Microsoft hinted about this in the past:

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Dated Dec 20, 2006

Xbox European boss Chris Lewis has admitted for the first time that Microsoft is considering games content for the recently released portable multimedia player Zune.

[via Gamasutra]

As you can see Microsoft did hint this and probably will be fact sooner or later.   Some sources are claiming they have this already in the works but it's still a rumor.   I'll let you decide for yourself.