Even though the Zune Phone is all but confirmed (there haven't been any formal announcements yet), we shouldn't be jumping to conclusions every time there's an announcement that somehow ties Microsoft to phones. Case in point, this morning Global Sky, a Philippine-based call center, issued a press release saying they were going to support Wi-Fi enabled Phones from Microsoft. Several sites jumped to the conclusion that this was, in fact, the Zune phone. However, it's actually something different.
We inquired with Global Sky and they said their support is actually for the "One Follow Me" service from Microsoft that lets overseas workers communicate cheaply with their families back home. Microsoft themselves also said there have been no formal announcements about anything to do with Zune phones.
Rumor smashed.