File this one under rumor, with contradictions
The above image comes to us from XDA.cn, which in fairness, does get a high amount of accurate leaks--well, they get it right some of the time. The above rendering is of the supposed HTC Ignite, a device rumored for a mid-2011 release. As Pocketnow notes, the HTC Ignite is also listed on UK etailer King of Gadgets, so the name may be in use by HTC after all (although to be honest, it sounds like Android for some reason).
The contradictions come into play with the specs: resistive screen and an 800MHz processor? Umm, no. And there's no evidence to suggest that Microsoft is downgrading the chassis requirements. It's not Chassis 2, which are front-qwerty devices with a different resolution and not coming anytime soon, so something is not correct there.
Still, forget all of that: we like this image and HTC should make this design 'cause it's slick as all heck. Reminds a bit of the Nexus S.
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Daniel Rubino is the Editor-in-chief of Windows Central. He is also the head reviewer, podcast co-host, and analyst. He has been covering Microsoft since 2007, when this site was called WMExperts (and later Windows Phone Central). His interests include Windows, laptops, next-gen computing, and watches. He has been reviewing laptops since 2015 and is particularly fond of 2-in-1 convertibles, ARM processors, new form factors, and thin-and-light PCs. Before all this tech stuff, he worked on a Ph.D. in linguistics, watched people sleep (for medical purposes!), and ran the projectors at movie theaters because it was fun.