Zune is awesome! According to this totally independent blogger (yeah, right) at http://www.zunescene.com/.
Here's CNN trying to figure out what is good about Zune!
While I don't think not selling 5M Zunes for $1B will hurt MSFT's $50B projected sales next year (so I will probably buy more MSFT on a dip), I think the real winner here is -- SanDisk Corp. (SNDK)!
I don't think the Sansa will be rocketing to the top of Amazon's best seller list but it's currently #7, ahead of Zune (even though it's brand new), which is at #14.
Meanwhile, on the accessories list, SNDK brand memory takes 4 of the top 6 spots. It's too close to Christmas to knock them off that spot and all the way down to #100, it's a Sandisk world.
Expectations are very low and I like SNDK long so I'm going to take the Apr $42.50s for $8.50 and sell the Dec $47.50s for $2.25. I will also buy .50 Dec calls on a pullback to $44 (probably the $50s).
That gives me $1.75 of my $4 premium back in 30 days and let's me play a run-up for free with a cushion that should take me to a retest of $44.
Read all of Phil Davis's articles on Seeking Alpha