It seemed obvious back in mid-December of last year that Polymer Vision wasn't going to nail its timetable for production versions of the 3G-equipped, e-ink wonder known as the Readius. Now word is that the company will have a commercial version of the phone / e-book reader available sometime in mid-2008 in Italy via Telecom Italia -- provided that everything goes according to its diabolical plans. If you'll recall, the device features a foldable, grayscale, 5-inch QVGA display, and boasts a slew of features, including HSDPA, a 400MHz ARM CPU, and a battery life up to "six times longer" than current mobile phones. We'll admit we're intrigued, but don't make us wait too long over here, okay?

Phillips spin-off Polymer Vision looks to be making fast work on its most recent promise to commercialize its foldable display this year, with the company set to officially unveil the first product to use the would-be paper killer at next week's 3GSM conference in Spain. Somewhat awkwardly dubbed the "Cellular-Book," the device will initially be offered by Telecom Italia (in Italy, naturally) although it appears to be more book than cellular. The main bit of kit is, of course, that rollable, foldable display, which can extend to a full five inches yet still wrap up into a device "smaller than the typical mobile phone." The cellular part of the equation comes in the form of a combination of EDGE, UMTS, and DVB-H capabilities, which will give you access to an array of different services viewable in 16 levels of gray, including e-mail. RSS feeds and, of course, e-books, which you'll be able to purchase through Telecom Italia's mobile network. Though they won't make as heavy use of that display, you'll also be able to load up the device with music and podcasts, with a relatively hefty 4GB of storage provided to satisfy your media appetite. Unfortunately, there's no word on price or a launch date just yet, though that would seem to be likely detail to be revealed at the big unveiling next week.

[Via TeleRead, thanks Richard]