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Swedish company Adamond has announced the ZK1, a flash player that supports a variety of formats (including favorite of dozens, OGG Vorbis) with a storage capacity of 2GB. Beyond that it's fairly standard fare for this sort of player, with a built-in FM radio, recording, and line-in encoding. It's expected to launch in March, the price is yet unannounced. AkihabaraNews expects it to be lower than the iPod shuffle, but historically these types of flash players have maintained a price premium over other types of players. If it does launch for less than $150, you'd think people would buy them as fast as Adamond could make them.

Le premier lecteur de MP3 avec 2Go de m moire par Adamond [AkihabaraNews]

Update: Adamond contacted us to say to expect the price of the ZK1 to be around $300.