None of us is intact with the impact of the tight credit positioning the market so if you’re looking for a touch phone action without extending yourself in these credit crunch heavy times then have a glance at LG KP500 or Cookie. The Touchscreen handset is targeted at budget-conscious users. Yet another LG Mobile Phone.

The KP500 - dubbed Cookie presents the touchy feel of the costlier Renoir, but with a slice down price. The LG’s KP500 runs on Flash based UI, which has been optimized for thumb stimulation however a stylus is provided tucked in for better experience.

The handset is 11.9mm thick with touchscreen and a multitude of other exciting features are incorporated as per the sources although no official information has been communicated so far on this front. There are three buttons that are positioned below the touchscreen display and the integrated accelerometer will be handling the auto-screen rotation for images, videos and documents. The widgets are supported, but regrettably, 3G won’t be supported by the handset.

Technical Specifications:

• Screen - 3-inch TFT touchscreen display

• Camera - 3-megapixel camera

• Network - quadband GSM

• QWERTY keyboard

• QVGA video recording at 12 fps

• EDGE

Price and availability - According to some online retailers, the phone will be sold for a mere of €170 or £130 or US $228. However, the delegates are still tightlipped on release or availability. LG KP500 is expected to be rolled out next month.