We need to file this under "strictly rumors" but images of a new Windows Phone 7 Series phone from LG have surfaced. Neowin first published the photos and has since pulled them from their site. All of which makes this phone more of a mystery.
LG already has one WP7S phone in the works that has a side-sliding QWERTY keyboard. There is some speculation that this second phone, if not a fake, has a bottom-sliding QWERTY keyboard.