I honestly hope the latest rumors about a Microsoft Portable XBOX are true. For competive reasons both on the gaming as well as the portable media player side this is a great idea for Microsoft. Microsoft has been pushing the second generation portable media players pretty hard along with all the new content services that are plays for sure. However all their efforts have done next done nothing to make a dent in Apple's market share. However if Microsoft was to create a Microsoft branded portable media center it would rub their hardware partners the wrong way. However putting the emphasis on a mobile product around the XBOX and gaming but also allowing the device to be a great portable media center, puts them in a strong position. On the gaming side it is a great idea to compete with Sony, especially if they announce or launch the device at E3. The PSP will be a great compliment to the PS3 and could give the PS3 competive advantage. However if Microsoft also has a portable player it keeps the offering level and keeps both companies equally competive. Microsoft has also had time to learn from the PS3 errors like closed arcitecture and no hard drive to name a few. Obviously all the great content for both audio and video will play easily on this device as well as be a great portable compliment to the XBOX 360. So let's all hope to hear or better yet see something at E3.