Rumored to be released second quarter of this year.  Here's the specs of the Samsung M1002S will be Samsung's first android phone to run Android OS 2.1:

It features a 3.7 inch WVGA AMOLED touchscreen display, an 800MHz processor, Wi-Fi, GPS, DivX support, T-DMB, 3.5mm headset jack, social networking services, 5MP camera with 720p video recording, and the latest version of TouchWiz UI.

See pictures that was taking in South Korea.

thanks to Samsunghub for this news.