MP5 Digital Player: Did We Miss Something?

Sure, there might not be such a thing as an MP5 file, but that didn't stop whatever crappy company that makes this cheapo player from calling it an "MP5 Digital Player." Maybe they're in on something new and exciting that we have yet to hear about, but somehow, seeing that this is a $60 1GB player from a no-name company, I doubt it. [Product Page via Technabob]