iLounge

Zizzle, a new toy company lead by the co-founder of the original Tiger Electronics (the company behind the Furby toy), will soon unveil iZ, a “9-inch tri-legged fusion of toy and music.” The unique character lets kids create musical beats by moving and pressing different parts of his body, and doubles as a portable iPod speaker.

While Zizzle has yet to release a picture of iZ, the company recently teamed up with iLounge to launch the “What is iZ Giveaway,” in which iLoungers try to guess what exactly iZ is from a handful of cropped photos of the product.

In an official announcement for iZ, Zizzle said the character will “play your music with his horn flashing lights, his eyes bouncing to the beat, and act as a DJ, adding his own commentary to any song. Let’s not forget iZ’s sense of humor which is demonstrated through burps and other ‘rude’ lifelike noises.”

Zizzle also provided details on the music-making feature. “Kids start by pressing his stomach to start a beat. Once they find a sound they like, they move to iZ’s right ear to add a little rhythm to the equation, and turn his left ear to find a musical lead. An easy to use tempo control makes the sounds limitless as players create tunes never before heard. iZ’s eyes even independently rock out to the innovative tunes created.”

iZ is scheduled to be available at major retailers this fall. A multi-million dollar TV and print advertising campaign is planned. Zizzle said the iPod will be featured prominently in commercials and on the iZ packaging.

Update: Zizzle has provided us with a complete photo of iZ (right).