A new company called ZENUM is making a new Windows Mobile 5 device. By the looks of it, it is a Pocket PC. The device looks very interesting and has a sliding camera cover like the Sony Ericsson K790/K800. Here are some Specs of the phone: 
- Tri band GSM only with no 850
- Wi-Fi
- 2.5' Touch Screen
- Bluetooth V 1.2
- 2 Mega-pixel Camera
- 128 MB Rom, 64 MB Ram
- Processor is an OMAP 750 with 200 MHz

The company is accepting pre-orders for 899 US dollars which in my opinion is too high for a device with a slow processor and no 850 GSM band. I think in order for this device to be successful, the company will have to a) lower the price b) make it quad-band.