This smartphone was recently announced in UK. LG Optimus GT540 runs on Google Android 1.6 or 2.1 operating system and supports quad-band GSM and UMTS (900/2100 MHz) networks. It is equipped with 3 inch screen with HVGA resolution, Wi-Fi, Bluetooth 2.1 with A2DP, A-GPS, 3.5 mm headphones jack, 3 Mp camera, MicroSD external memory card slot, 1500 mAh battery. The device has close integration with popular social networks including Facebook, Twitter and Bebo. Besides, this smartphone supports DivX and Xvid. There is no official information about price. But it is expected that it will be very affordable.