It looks like Steve Ballmer's vision of a cheap smartphone future might be coming sooner rather than later, since Tatung's M1 Windows Mobile 5.0 smartphone just got FCC approval, and screenshots in the published manual point to Cingular. The phone isn't exactly a standout in the specs department, with a 176x220 pixel display and no WiFi or EDGE connectivity, but the since Cingular's 2125 currently goes for $200 after rebates, we might just see the M1 at one of the lowest smartphone price points yet.

[Via phoneArena]