Here we go. Yet another iPhone killer. How many does that make? If the Wall Street Journal’s report is to be believed, Verizon is currently in talks with Microsoft regarding a project with the codename “Pink”. Pink will be a Microsoft-designed iPhone rival with a multimedia focus and, very likely a big touchscreen.

According to the report, Microsoft’s version of the iPhone will also feature a tweaked version of Windows Mobile OS with “new software capabilities.” Microsoft is apparently involved with the design of the phone, while a third party will build it.

Coby’s MP600 Video MP3 Player takes some obvious inspiration from the iPod Nano. It features a 1.44″ LCD screen that will play back all of your MTV video files, JPG photos, read text files as well as MP3 and WMA files. You’ll also get FM radio.

The best part is that they didn’t clone the price, which is just over $20 for the 2GB version. The 4GB version will cost you $29.99. So if you’re looking for a cheap alternative for the Nano, you might want to check it out.