Finally, a phone to take on the iPhone! (although I am still in love with mine).
Its called the Samsung Instinct, and from the video below it sure does look fairly interesting.
Its from Sprint, and they are promoting this phone on NowIsGood.com (hat tip: CrunchGear).
They are releasing it this June, which should help them compete against AT&T. It only holds 2GB of memory, although hopefully they will be offering more (as I am approaching 2GB on my iPhone).
My only advice to Sprint is to make sure there are a lot of "third party apps" to go along with this phone, otherwise they will only be able to retain people on their own network at best (as the iPhone is already gone over 1,300 apps).