The phone looks like the Nokia C5-03 with with better, design-wise but with better hardware.
Could this be Nokia's counterpart to Samsung's Corby II?
SPECIFICATIONS:
1GHz processor
Symbian Anna OS
3.2-inch display @ 360×640 pixels
5 megapixel camera
2GB built-in storage
microSD card slot, expandable up to 32GB
HSDPA 14.4Mbps, HSUPA 5.76Mbps
WiFi 802.11 b/g/n
Bluetooth 2.1
GPs w/ aGPS support
FM radio
micro USB connector
1100mAh battery
Dimension: 111.3mm x 53.8mm x 14.1mm
Weight: 93 grams
Nokia 500 will be released in two batches, first batch will have a black cover while the second batch will have a white back and will be relased by Q4 of 2011.
For more details, please check out Nokia Europe's website.
Credits: http://whatswithjeff.com, http://www.yugatech.com
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