Microsoft Argo (Xboy) To Play Games?

The Seattle Times writes: “Microsoft is indeed developing a digital-media player [code named Argo ’ a reference to the huge warship used in Greek mythology] to compete with Apple’s iPod, and there’s much more to the story… Microsoft isn’t commenting, but… what’s being developed is actually a complete line of Xbox-branded digital-media products, including a device that plays media, a software media player and an online media service.”

So we’re not sure if Argo is a true “Xboy” as some have dubbed Microsoft’s portable system, but my guess is by the end of the year Nintendo will be competing with both Sony and Microsoft in the portable games space. If not now, when?