Microsoft's foray in the business of introducing a new line of portable media players has produced Zune and has been creating a buzz since it was announced. Several rumors circulated about Zune's price, including Gizmodo's prediction  that Microsoft will be lowering its price by $19.01 from Apple's iPod price of $249. But it seems that this rumor is not true as EBGames and GameStop are now accepting preorders for Zune for the price of $249.99.

The 30BG media player, available in black, white or brown colors, is complete with a built-in FM tuner, an online music store and a picture and video viewer through its large 3-inch color LCD screen. Zune users will also be able to share their files wirelessly with the Zune to Zune send feature via 802.11 wireless networking. They will also be able to purchase songs from Zune Marketplace.

Microsoft's Zune will hit the American shores on November 14 this year.