Please note this news remains speculative as there have been no official announcements.

Specifications:
- Volume : 114cc.
- Weight : 91g.
- GSM Triband (900/1800/1900MHz).
- GPRS (General Packet Radio Service).
- WCDMA (Wideband Code Division Multiple Access).
- 2.0 WAP browser.
- Support Bluetooth connectivity.
- Support GPS function.
- MMS (Multimedia Messaging Service).
- Symbian 7.0 operating system.
- 2.2” 208X320 pixels 65536 colours touch screen LCD display screen.
- Integrated 1.2M resolutions digital camera with zoom function.
- Dual MFT speaker for 3D sound effect.
- MP3 and MPEG4 player.
- Internal antenna.
- Speakerphone.
- Call vibration.
- Voice dialing, recording and commanding function.
- MP3 MIDI polyphonic ring tone.
- Text input predictive software.
- Support MPEG4,WMV, WMA, MP3, WAV format.
- Downloadable logos and ring tones.
- Symbian 7.0 applicatiosn, alarm clock, calendar, calculator, memo, Email, IM, handwriting recognition software, PC sync, photo album, photo editor, file editor, wallpaper, screensaver and games.
It is unclear whether the withdrawal of Motorola from Symbian share holding will impact on this phone. Motorola does hold a Symbian liscense, but most analysts did not expect more Symbian phones from Motorola. However the release of this phone would fit in with Motorola's statement (after selling it's shares) that it intended to keep using Symbian in its high end 3G phones.
We'll keep you updated as more news becomes available.
Note it appears that the original picture and specs list may have come from here. This link was posted in the forums shortly after the original tip off.
http://www.wapzon.com/web/devicedetail.asp?Pid=3441&Bid=8