Some FCC documents have been filed by Creative which clearly outline (so to speak) a media player with a nice, big touch screen and an “HD” camera, which bespeaks 720p or better. The “Egg” version apparently is for developers, although I’d like to have “developer edition on mine anyway. Beyond that everything is pretty much speculation, so we’ll just let you look at the picture for a while.
It does have that iPhone-y outline, doesn’t it? But how else are you going to make a widescreen device that fits in the hand? The lozenge is becoming a very familiar shape these days.