Many sites say that this would be the next Google Android phone and they would release it on 26th jan 09. BGR says the release date has been postponed to April because of some software issues. The device is not confirmed yet.
New device will have the following features
* Android OS
* 3G capable (where available)
* Full touch Screen
* Enterprise Capable
* WiFi capable (no word about UMA)
* 5 Megapixel camera with aoutofocus and flash
* Address Book
* Calculator
* Calendar
* EDGE and GPRS
* Games
* Instant Messaging
* Megatones, HI-Fi tones and wallpapers
* Memory card Slot (up to 16GB)
* Mobile Backup
* Music and Video Player
* Phone Book
* Photo Caller ID
* Picture Messaging
* Real web browsing
* Speakerphone
* Speed dial
* Stereo Bluetooth connectivity
* Sync with PC ( better than air sync)
* Task list
* USB interface
* Video capture and playback
* Video Messaging
* Voice Dialing
* myFaves capable and T-Zones
Source Slashphone