Microsoft Confirms Zune Music Project; Social Network+Hardware+Software

Microsoft has confirmed the existence of its much rumored music project (which started as a hardware rumor, that MSFT will come out with a music player). The project/service, called Zune, will build a music community service, and will deliver a family of hardware and software products, with the first products shipping in this year.
The developer/insider blogs have already started: ZuneInsider and Madison and Pine.