Shortly after Steve Jobs announced Apple’s iPhone, Microsoft filed an application with the FCC for a device that uses “consumer broadband access and networking” that has fueled Zune Phone speculation. This is not the first mention of a possible Zune phone, however. In September, Zune’s product manager, Chris Stephenson said, “there’s no reason to believe the Zunephone won’t spring to life.” Matt Hickey from CrunchGear now reports that the phone will use the 802.16 mobile WiMax standard which would enable it to have download speeds of up to 2Mbps making it “fast enough for the Xbox-to-Zune streaming.” Although Microsoft has developed a reputation for delaying product launches, CrunchGear’s sources indicate that the phone will be available in May, a full month ahead of the iPhone. Engadget has attempted to derail the rumor by picking apart the FCC filing, but speculation persists. What will the Zune phone look like and will it be able to compete with the iPhone?