LG KP500 is a budget touch phone

The KP500 has similar look to the Renoir and seems to be running on identical software, with widgets on the homescreen. It is a quad-band GSM (probably lacks 3G) with a 3-inch display, accelerometer, on-screen QWERTY and handwriting recognition. It will have 3MP camera instead of the 8-megapixel one on the Renoir and will lack Wi-Fi, GPS, and support for DivX and XviD videos. KP500 will be available in four colors: black, Vandyke brown, Anodizing silver, and Elegant gold.
source: LG