Pharos’ new Windows Mobile-based offering features a 3.5-inch display with wide VGA, and 3.5G data. You’ll get 512MB of Flash, 256MB of RAM, AGPS, 7.2Mbps HSPA on T-Mobile USA and European bands, WiFi, 3-megapixel cam to round it all out.

Sounds like an X1 without a keyboard. The device weighs just 4.9 ounces and will hit retailers this quarter for $599.95. Ouch! That’s kinda expensive. I don’t think it will be replacing many iPhones. I think it may tank. Hard.