Sony: "Video Walkman Is In The Works"

Hot on the heels of their flash-memory PMP announcement, Sony have also come out with the news that they're planning a Video Walkman to compete with, you guessed it, Apple's ever-so-successful video-capable iPod. 

"We are developing a product that handles images, but I cannot make any comment on specific plans" Sony Senior Vice President Hiroshi Yoshioka

Sony says developing video Walkman [Reuters]

Edit: the picture above shows Sony's HMP-A1 PMP, released in 2004, and not whichever video device the company is talking about currently.