You also have an iPod 120GB, correct? I suspect you're going to have a lot of issues, going forward. The Zune won't play ALAC, and the iPod won't play WMA lossless (which is the lossless format for the Zune). As for a converter, I don't use either format so I don't know. Sorry!
There's also going to be the media player issue - you'll have to run both iTunes and WMP, to sync either player. If you have a large lossless collection, you'll have to double your efforts to keep the players up-to-date.
I give you credit for trying to use these players in harmony, but I think it's going to be an uphill battle.
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