The rumor du jour is that LG is prepping to release its VX9400 handheld phone/TV on March 23. As we reported this past January, Verizon is soon to launch a service that allows for live television to be beamed and picked up by mobile phones.

Samsung is the other company with plans to release a phone, the u620, that works with the service, but we’ve been waiting to see what LG’s entry looks like in action especially since it has a neat looking pivot screen. According to a tipster that whispered in …