Sony Ericsson announced the cell phone called? Cybershot K850 cellphone that will keep virtually everyone happy. This quad-band GSM/EDGE/HSDPA handset not only comes with 40MB of internal memory, support for both Memory Stick Micro (M2) and microSD memory cards, it also boasts a 5 megapixel camera which is aided by a real xenon flash, video recording capability (30fps in QVGA resolution), and a dedicated shutter button.You can find more information and photo here

There is no word on pricing details of the K850, but we do know that it will be released sometime in Q4 2007, available in luminous green and velvet blue colors.