Seeing how long it took the Zune to make it over the northern border and into Canada, it shouldn't be any surprise that it's going to take even longer to get to Europe -- not until late next year, according to the director of Microsoft France. The wait should be worth it, though: that's when the third generation of Zunes will be released, as well as a Europe-friendly version of the Zune Marketplace.

There are also some sketchy rumors that Windows Mobile 7 devices will be able to take advantage of Zune content and services, but it doesn't look like Microsoft has anything to say about that yet -- but if that goes down you know a Zune phone is right around the corner.

Source- http://www.engadget.com/2008/03/13/third-gen-zune-to-hit-in-2009-make-it-to-europe/

Update: Office 2010 The Movie account on Twitter mentioned that - June 2009 will be an important month for Zune lovers. This basically confirms the fact that Zune related announcement is bound to come.