Microsoft $50 player non-story

There's a non-story going round about Microsoft producing a $50 music player, and the more aware sites have already withdrawn it or published retractions. The notion was based on a misinterpretation of something MSN's Yusuf Mehdi said to investors at Goldman Sachs's 5th Annual Internet Conference. What he was actually saying was that he'd "spent time with a bunch of hardware manufacturers who will launch hardware products when we ship our [music] service," not that Microsoft would make one. There's a transcript of Mehdi's talk here.