Alright, I'll do a bit of research before actually getting it.
The Zune HD does look impressive, but the specs doesn't seem like it's going to match against the Ipod Touch as it seems the Zune HD is more headed towards an media player (which is what I want), and the Ipod Touch is headed towards a mobile computer. Can't wait till it gets released and I try them out in stores. Then I will compare those two, and see which one I will buy.