What more is there to say? "HP and Apple today announced a strategic alliance to deliver an HP-branded digital music player based on Apple's iPod." So HP is going to rebrand the iPod and bundle iTunes on their PCs. I can see Microsoft holding their breath and jumping up and down.

[Update:] From Apple Turns, "[Microsoft said] "Windows is all about choice... we believe you should have the same choice when it comes to music services." Translation: "Use any service you want as long as it sells Windows Media, buy any player out there as long as it plays Windows Media-- but for heaven's sake, don't buy one of those wretched iPod thingies or we'll be completely boned with our whole plan to monopolize digital media commerce and then we might actually have to start innovating for our paychecks for a change." Or, to put it a little more succinctly, "you can have any color you want, as long as it's black."