Creative’s really on a downslide and is clutching at straws to keep its staggering foot on terra firma.

Now, we hear that there’s another variant of the Zen media player churned out to save the sinking company. Nothing new in here and we’ve been hearing about this since eons. But, what we’ve spotted is a 2.5-inch media player with a display packing 320 x 240 display and SDHC expansion.

The player can handle only the basic codec formats such as MP3, DRM’d, Audible 4, WMA, JPG (pictures) and CMV video (Creative’s very own creation). You can get these in combinations of 8GB and 16GB for ¥9,800 and ¥13,800 respectively.

Moreover, these are bound to hit the Japanese shores first. Creative’s also slashed prices on its Zen X-Fi players (32GB/16GB/8GB). Now, does this mean a new product or the final bow?

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