Microsoft has announced that the latest version of its answer to Apple’s iPod, the Zune HD, will debut in the U.S. on September 15.

The slimmed-down digital music player, which also plays video, is cheaper than the iPod and will boast an OLED (organic light-emitting diode) display. Other features include Wi-Fi internet access, built-in HD radio, multi-touch Web browser and high-definition video output capability. The battery delivers 24 hours of music and 4 hours of video, with Wi-Fi off.

Users can stream and download music from Microsoft’s Zune Marketplace.

The black 16GB version of the device will sell for $219.99, while a 32GB version in a “platinum” shade will cost $289.99.

Customers can preorder the new Zune HD on Thursday.