Argo, Zune Media Player coming from Microsoft?

Engadget has some interesting info regarding Microsoft's wireless media player project, dubbed Argo. According to "trusted sources" the first Microsoft portable media device is called Zune, for now at least, and will feature Zune to Zune wireless song transfer. Microsoft's Argo portable media player buzz has been growing, with no official details coming from Microsoft as of yet, but this photo does show a slick portable media gadget that might just be Microsoft's answer to the world famous iPod.