Sagem's low-end Smartphone

MSMobiles has the dirt on an unannounced new low-end cellphone from Sagem running on Microsoft's Smartphone operating system. Despite supposedly being low-priced, the Sagem Smartphone (we haven't seen a name for it), will have decent specs — 32MB of RAM, a 200MHz processor, a VGA quality digital camera that can record video clips, and a 64,000 color display. So far every Smartphone-powered smartphone that's come out has been pretty pricey (carrier subsidies and rebates notwithstanding), so the introduction of an inexpensive, entry-level model would be a welcome development.