Heads up, Zune fans -- some new product is heading your way sooner rather than later, and we suspect there's more than a couple of things to get jazzed about. According to reports from a "source" inside Microsoft, a new batch of Zunes (AKA Zune 2, Draco, Scorpio, etc.) are due out on October 16th (just in time for the holidays), in both flash memory- and hard drive-based forms. The new, smaller, flash Zune (the Draco) will be hitting shelves in pink, red, black, or army green colors, will have a 4GB or 8GB capacity, and will feature a "squircle" (the source's term, not ours) for navigation, which won't have a center button but can be pushed, "From any side." The hard drive-based player (the Scorpio) will be available in 80GB, sports the soon-to-be infamous "squircle," and touts a screen which the source claims is "awesome" for video. We can safely say that there is at least one man out there who is going to be very, very excited about this.

[Thanks, Tyler]