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Bloomberg TV says that the New York Post is now reporting that Microsoft is delaying the video portion of its Zune device which is to take on the ubiquitous Apple iPod. Bloomberg’s Bernard Lo in Hong Kong interviewed John MacLellan general manager for finance at Microsoft Corp.’s Asia-Pacific operations who stated that the Zune would be out sometime in the next 12 months.

MacLellan discussed the Zune’s WiFi functionality as being an advantage over competitors. Well, until Microsoft actually launches Zune, I don’t know what advantage he thinks they’ll have over Apple’s iPod considering Microsoft doesn’t have a clue as to what Apple will be launching this fall.

During the interview, Bloomberg’s Bernard Lo quoted a recent statement by Rob Glaser, CEO of RealNetworks, which stated something to the affect that Microsoft’s was abandoning their developers with Zune – a key point that was made in a recent Macsimum report.

Bloomberg’s Bernard Lo’s only major error during the interviews was repeating that Microsoft’s next generation operating system dubbed “Vista” would launch on consumer PC’s in time for this Christmas which directly contradicted MacLellan’s own statement that only the business version of Vista would launch in November and that the consumer version would launch in January 2007.

With the news of Zune not having video features at launch, you could already begin laughing at what the media had prematurely labeled as Microsoft’s iPod-Killer. It’s vaporware, all over again.

To hear the full interview with Microsoft’s John MacLellan, click here.