Audible (the digitally-powered spoken-word audio service) and XM Satellite Radio have announced they will introduce a line of handheld satellite radio devices that are capable of playing both XM Satellite Radio as well as Audible content. Audible content will be downloadable into the devices’ memory through a web-based interface.

With the launch of these “AudibleReady/XM” devices in 2006, subscribers will be able to purchase audiobooks and other content from Audible and listen to it seamlessly with Satellite Radio content.

In addition to the new AudibleReady/XM devices, Audible will offer XM talk programs via the Audible Web site this year, beginning with The Bob Edwards Show and Opie and Anthony. XM programs will join the more than 45 regularly recurring audio subscriptions available for downloads to users of AudibleReady digital audio devices.

And to boot, XM will produce a new Audible audiobook program for broadcast on XM Satellite Radio that will consist of features, interviews, and news focusing on the rich world of audiobooks and other spoken-word listening available for download at Audible.com.

No official word as to whether this indicates an MP3/Satellite Radio device from XM in 2006 - but considering other AudibleReady players, it’s not too far of a guess to say YES. An article in the Wall Street Journal seems to indicate otherwise, but I think that XM just doesn’t want to spill the beans just yet.

Consider the content and partner implications with this as well. Audible has a nice relationship with Apple iTunes, as well as with the NFL, and providing shared content between XM and Audible could be the coup many are looking for. We’ll find out for sure in 2006.