Rumors have been floating around the internet for months now about Microsoft’s mysterious “iPod Killer,” the Zune portable media player, but until now, little has been confirmed. Yesterday, the Federal Communications Commission (FCC) approved the Toshiba 1089 player, which apparently will be marketed by Microsoft as the Zune player. Getting Toshiba to manufacture the player is hardly surprising on Microsoft’s part, especially given their long history together, including their support for the HD DVD platform. Utilizing Toshiba’s manufacturing resources also eliminates the need for Microsoft to construct their own factories.

Fortunately, the Zune does not appear to be just a re-skinned Toshiba Gigabeat. In terms of specifications, the Zune player appears to be hard-drive based, using a 1.8” 30GB hard drive. It also comes with a reasonable 3-inch TFT display as well as an integrated FM tuner and USB 2.0 connectivity. The most fascinating aspect of the Zune, however, comes from its built-in wireless capabilities. It seems the rumors about Microsoft’s Zune network for downloading and sharing music and other media may be true after all.