According to the newspaper Les Echos, Microsoft prepares for 2009 Zune a portal to mobile content and will launch its third-generation player of the same name in Europe.
"Seeing how long it took the Zune to make it over the northern border and into Canada, it shouldn't be any surprise that it's going to take even longer to get to Europe -- not until late next year, according to the director of Microsoft France. The wait should be worth it, though: that's when the third generation of Zunes will be released, as well as a Europe-friendly version of the Zune Marketplace. There are also some sketchy rumors that Windows Mobile 7 devices will be able to take advantage of Zune content and services, but it doesn't look like Microsoft has anything to say about that yet -- but if that goes down you know a Zune phone is right around the corner."
Source: Engadget
Update: False Alarm
Stephane from cliczune.com has good reasons to beleive that the article was misinterpreted. With Stephane actually speaking the French language.