The specifications of the next LG Prada phone has apparently been leaked in Asia. Update: New LG Prada II LG-KF900 is official.

The LG Prada II phone would be hitting the market in Q4 2008. The new features would include HSDPA, 3 inch WQVGA 400×240px display, 5MP camera, Wi-Fi, TV-out, Bluetooth, USB, and slide-out QWERTY keyboard.
By adding a QWERTY keyboard LG would somehow give up on the touch screen.
The specification of the LG Prada II leaked on ePrice (Taiwan). Via Unwired. Of course these specs could also be totally false.

The LG Prada phone looks cool, but I am right now more excited about the next generation iPhone with 3G and GPS support.