As far as I am aware, TI does not make such an IC. This is a pretty complicated procedure for high-quality audio, and generally needs some pretty significant horsepower like a DSP (in the case of MP3 to decode it "real-time"). It gets even more complicated if you want to pull it off a USB thumbdrive, then you need some kind of USB host as well.
If you're just looking to make a simple voice-band announcement or something, then an MSP430 can probably do the work for you. I am not sure how you would convert the .wav file into the native format of the MSP430.
Comments from people who have done things like this?
-d2