Rumor Roundup

What is known:

What is rumored:

iPod -- can be synched with the computer using a high-speed cable connection that allows consumers to download their music into a portable system, which can then be accessed by either a car or home stereo system. -- Wired Article

iPod, a portable hard drive for music that will feature a firewire connection for extra-fast data transfer. - HitsDailyDouble

Apple apparently is not planning to introduce a portable MP3 player, but something more sophisticated such as a component for a home digital stereo system - CNet

Per MacOS Rumors, the device may utilize a combination of acquired/dormant technologies including Raycer Graphic's GPUs, InkWell (hwr recognition), and/or Gigawire. As well, integrating the work of the iTunes and Quicktime teams.