LG introduced a new Prada phone, the LG-KF900 with slide-out QWERTY keyboard.
The new 3G HSDPA LG Prada features besides the new keyboard a 5MP camera with Schneider Kreuzach lens, 3 inch WQVGA 400×240px touchscreen, Wi-fi, Prada ring-tones, FM tuner, TV out, Bluetooth, media player, and Bluetooth.
The Prada II is a very complete smartphone with the already proven clean Prada style. The only thing missing from the rich feature set of the new Prada 2 is GPS for navigation.
The new LG Prada phone will be available in the United Kingdom, France, Germany, and Italy at approximately 600 Euros (~$800) this Fall.

LG has sold over 1 million of the original Prada phone. The new version will most likely continue this success story.
Via the LG site (Korean). Specifications of the Prada II already leaked back in April.