Microsoft Argo Rumors

Microsoft are still working on their handheld version of the XBox, code-named the "Argo" according to the Seattle Times.

The rumors will not only be a media player, but a console as well with WiFi connectivity.

The Times comments:

It's a grand plan, but as with a few other big projects in Redmond, it may be a struggle to get it all done by the end of 2006. The project isn't completed yet, the holidays are approaching fast and the team is under intense pressure to get everything absolutely right.

The timing of the hype cycle is perfect, however. Microsoft's annual meeting with financial analysts is July 27, and it's looking bleak. Wall Street is furious Microsoft won't be selling new versions of Windows and Office in the fall as promised.

Argo could help the December quarter and give executives something to discuss with analysts other than product delays, Bill Gates' departure and the high cost of doing battle with Google.

More Info: Games Industry.biz