Naww, we aren’t for real yet. For now, this is just a RUMOR. But we’ve heard rumors like this before, and they usually end of happening. When faced with the question, MySpace CEO Chris DeWolfe said, such a device “could be possible.” He added, that right now they are just working on the music service, which if anything is helping iTunes and iPod.

In my personal opinion, companies should stick to what they are good at. I think MySpace is excellent at bringing people together around music and Apple is the best at portable music devices. Don’t compete, become partners!!