A few of our members here have spotted a new player listed on Creative's site called the "Zen V Video". The Zen V Plus is one of my favorite players, and an update to it would make sense.
While the ZEN tackles the higher end consumer, a 2nd gen Zen V would target those looking for a more basic player. If true, I imagine the screen size would be increased to 2.0" or higher, and perhaps an SD card slot added as well. Or, it could have just been a glitch. Like all other recent rumors, we'll find out in a matter of days.