A first look, and the first actual picture we’ve seen, of the new ZVUE! personal video player from HandHeld Entertainment. The ZVUE!, which up until now was suspected to be pure vaporware, is supposed to cost just $99 when it comes out, and has a 2.5-inch LCD screen and a 200MHz processor. There are a few things they had to sacrifice to get the price that low though. There is no internal memory — everything plays from SD or MMC Flash memory cards — and it also won’t play video files encoded in anything except HandHeld Entertainment’s own proprietary HHE format, which means you won’t be able to play MPEGs, QuickTime, or WMV files on the ZVUE!. Still no confirmation of when it might actually hit stores.