Our colleague from Ocworkbench made a preview of the new special version of Ultra Edition lineup, Ultra Smart F700.
The Ultra Smart F700 is certainly on the best possible way to get ahead of Iphone. Let me fill you on some specifications, a 2.8 inch full LCD screen with touch screen user interface, instead of the touchscreen keyboard the new Samsung Ultra Smart F700 will feature a sliding QWERTY keyboard for E-mails, documents etc.
If that is not enough for you how about 7.2 Mbps HSDPA connection, thats 4MB MP3 for about 4.4 sec. If that didn't impress you, maybe a 5 Megapixel camera with auto focus, hand shake compensation, semi-auto shutter and high output LED flash might.
You can check out more info and pictures at Ocworkbench.