Today Sony Ericsson announced two new entry-level phones with the Sony Ericsson K330 and J132.

The Sony Ericson K330 features video capture and Bluetooth sharing, besides FM radio listening via speakerphone or stereo headset.
Other features of the K330 include VGA camera, 1.7 inch screen, calorie tracker, and torch function.

The Sony Ericsson J132 is a solid talk and text phone with dust-resistant keypad.
Other features of the J132 include FM radio and loudspeaker, Handsfree Kit, alarm clock, and torch function.
The J132 will be available in Night Black and Heaven Blue in selected markets from Q4 2008. The K330 will be available in Gold on Black and Green on Black, again in selected markets from Q3 2008.
Via this Sony Ericsson announcement.