"The LG Touchscreen Watchphone is one of several 'future phones."

The highly promising LG-GD910 is set to hit the shelves next week for only UK residents for now, and will be exclusive to the Orange network. In addition to the release, the price has been announced at £500, are we still in the credit crunch?

For those of you know that have not heard of this ‘WatchPhone’, below are the features it provides:

• 1.43 inch touchscreen with software keyboard
• Voice recognition features including Text to Speech (TTS)
• MP3 player
• Bluetooth 2.0 for hands free kits
• 7.2 Mbps 3G HSDPA ( high-speed data transmission) compatability via camera.
• Quad Band

The ‘Bond-like’ gadget was first noticed by spectators at this year’s Barcelona Mobile World Congress and is set to be released on the 27th August at Orange’s Bond Street branch as a first come, first server method. However, do not worry, the LG-GD910 will be available on local stores by the middle of september.

Francois Mahieu, director of devices at Orange UK said this phone will make you stand out in the crowd and have already dubbed it the ‘must have gadget of the year,’

“The LG Touchscreen Watchphone is one of several ‘future phones’ we are bringing to UK consumers this year. Being handmade, the device really is highly original and exclusively limited, so you’ll be the envy of all your friends if you’re fortunate enough to get your hands on one.”

It can be seen to many of the public, that Orange have succesfully completed a futuristic genre of mobile phones. Hyundai had already released a much more bulkier watch-phone but did not make it as a success.

How do you think the spectators will react when purchasing this £500 phone and finding out it is simply quite normal? Who would spend £500 on a phone right now on pay as you go, in these hard economical times? Please feel free to comment below.