Is there really a Zune Phone in the making? Some recent leaks, including this one, suggest that Project Pink is still alive. and also that it may have a Studio service where members can “View and manage pictures and videos taken with your phone… ”

It’s a little tricky to discuss because it’s pure speculation for now, so you might want to head to Engadget for a brief discussion. The staff there thinks the Zune Phone are going to have cloud capabilities and this “Studio” will be able to edit and upload videos. Suggestions, to my mind, that are fantasy-like in implication. Are we going to have the first cloud-based device in the Zune Phone, which sounds more like a phone built for multimedia professionals or make multimedia professionals of us all.