While the news of a new HTC device, the S743, is still hot off the press, another Windows Mobile phone from the Taiwanese manufacturer has been spotted: the HTC Iolite.

The Iolite is very similar to the Touch Diamond's form factor but with a more rounded look. The Iolite sports a 2.8" WQVGA display, a 3.2 megapixel camera, 512mb ROM, 228mb RAM, a microSD expansion slot, WiFi, Bluetooth, GPS, and the typical HTC Windows Mobile features.

It is a TouchFlo 3D device and, for now, the radio is European focused (doesn't support U.S. 3G networks). No word on pricing or availability, but it is anticipated that the Iolite will be "officially" unvieled at next month's Mobile World Congress in Barcelona.

(Update: Yep, it's Iolite with an i, sorry about that)

[Read: EngadgetMobile.com]