igrp writes "Japan-based electronics manufacturer Olympus just announced their plans to enter the HD-based MP3 player market currenly dominated by Apple's iPod. What makes this stand out from all the other 'iPod killers' are their players' specs. Their top-of-the-line 'MR-500i' model sports a 1,22 MP camera, a 3.7" color touch screen VGA display with a slick-looking red backlight, JPEG support and according to this German newssite weighs in with a battery life of 8 hours. No word on prices and availability in the U.S. yet."