Samsung and Armani have teamed up to create this fashion-y phone, the P520, Armani’s answer to the Prada Phone.

It’s a relatively sleek touchscreen phone with a 2.6-inch screen, a 3MP camera, a microSD slot, 50MB of onboard memory, a pokey GMS/EDGE connection, and Wi-Fi. Cool?

This neutered iPhone is set to drop in Europe for a far-from-reasonable $550. No word on it coming from the States