Three years after unveiling the $5,000 aluminum phone you didn't ask for, TAG Heuer is working on another excessive creation. ModeLabs, which has brought you many a hideous and overpriced Versace handset, just filed an FCC test report for a smartphone bearing the Swiss watch maker's name. It's unclear how gaudy (or practical) the so-called TH02M will be, but the doc does reveal that it's built to run on the GSM 800MHz and 1900MHz bands and also supports HSPA+ connectivity. For the money, it also includes table-stakes features such as Bluetooth and 802.11n WiFI. No word yet on pricing, of course -- not that we think your phone budget has expanded that much since the recession.

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TAG Heuer TH02M smartphone hits the FCC, is appalled by the service