Creative Zen Micro
X-bit labs - Articles - ZEN Micro: New Digital Player from Creative Reviewed. Well it ain't as beautiful as an iPod Mini, but at least someone is trying. It is a 5GB device that weighs 108 grams (thats less than 4 ounces for you Americans ;-).
They liked the product, but hate the fact the software to download is proprietary (like the iPod in fact, although I believe that dBPowerAmp has a driver to fix this).
Cost is about $231 at "Newegg":http://www.newegg.com/app/ViewProductDesc.asp?description=55-102-145&depa=0