Is a Flash Based Zune Near?

Just finished looking at a lot of posts talking about a major announcement at some function in Redmond, at Microsoft headquarters. iLounge is reporting that they are announcing a new Zune, and none of the other sites that posted about it, Engadget, CrunchGear, Gizmodo, and Cliczune, among others, had anything else to add. I guess we will see tomorrow.