The only reason for a M7 to exists is to be a little brother of M8... in the relation of iTouch with iPhone... then it should be a screen like M8 which is 3.5" if I'm not wrong. A bit bigger than Cowon S9.
But... Meizu surely knows that their only presence in the market can't be M8 M6 and M3... all this devices a bit ancient right now... M8 have become ancient due to this year-long story.
To not announce a new player could be the vanishing of Meizu as the best manufacturer of MP3 of China... at least the best know outside of China... I'm not sure if Archos is from China (but is a very strange company normally not considered in the flash-memory players).
Other manufacturers like Teclast, Onda... not so know outside Chine.. have announced several new products during the time Meizu have been dealing with this ubiquitous M8.
Id it weren't by the quality of M6, M6SL... and M3 (I can磘 recall another model of Meizu)... Meizu should have disappeared as a respectable brand... Meizu have some notoriety... the only Chinese maker mentioned in CNET
here and is considered in dedicated forums... but this won't last so long they didn't make an announcement like this of Cowon