XM Radio has just announced the SKYBOX, which offers satellite in a portable radio format.
“The SKYBOX is the first product to include an XM Satellite Radio receiver, AM/FM tuner and CD/MP3 player in a single device. The SKYBOX (expected MSRP $199.00) will be available at Best Buy this fall”.
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I just looked at the Skybox Radio on Bing Images. That was a nicely-designed product.