LG just went official with their iPhone look-a-like LG KE850 Prada phone.

LG proudly named it the world’s “first completely touch screen mobile phone.” Indeed, they can make this claim, as the phone will hit Prada stores in Europe end of February and Asia in March. No availability on US market, as this model is limited to tri-band GSM 900/1800/1900 with EDGE data. Great for Apple, as they will have all this Market for the iPhone.

Specs: 98.8 × 54 × 12-mm with 3.0-inch display with that 240×400 resolution. It seems to lack on board storage other than support for microSD storage. Like the iPod, it has a 2 megapixel camera with Schneider-Kreuznach lens and LED flash (that iPhone lacks) and Bluetooth 2.0. However, there’s no mention of multi-touch capabilities, an on-screen keyboard, or the accelerometer and proximity sensors found on the iPhone. More: 

• Interface: UI is Macromedia Flash-based and opts for a minimalist, white-on-black display
• Video player supporting MPEG4, H.264, and H.263 for video conferencing;
• Document viewer supporting Microsoft’s PPT, DOC, XLS formats, PDF and TXT;
• Audio player with support for MP3/ACC/ACC+/WMA/RA formats
• Price: €600/$778. Still, a compelling choice for those who can’t wait for the iPhone’s Q4 European introduction or 2008 Asia launch.