Rumors have been running around about Microsoft creating a Zune and Xbox handheld device for sometime now. While there is no official word from Microsoft, the UK publication T3 seems to think these rumors may become a reality and have published artist impressions of what they think this new device may look like. Its also rumored that because Microsoft already owns various mutlimedia applications, this new Zune/Xbox hybrid will not only feature handheld gaming but wireless internet and phone services as well.