Toshiba has announced its latest smartphone [via] that looks like it will take on the HTC Touch phones as well as the iPhone (you noticed that, too?). The TG01 is a 9.9mm thick, 4.1" WVGA 800x480 Windows Mobile 6.1 Professional device. It has 3G HSPA, WiFi, GPS and features Toshiba's own 3D user interface that looks as if it were pulled from an Austin Powers movie. Groovie, Baby!

Toshiba will be using a Qualcomm 1GHz Snapdragon QSD2850 chipset that is sure to give the TG01 a bit of zip. Rounding out the design features is an accelerometer that will respond to gestures and shaking to answer/end calls, return to the home screen as well as rotating the display. There also will be a virtual trackpad.

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One interesting aspect of the Snapdragon CPU is that it has dynamic speed control, which will allow it to dial back during low usage periods. It's unclear as to the battery capacity or internal memory, but the TG01 does have an microSD expansion slot.

Toshiba expects the TG01 to be available in Europe sometime this summer and hopefully shortly thereafter in U.S. markets. The TG01 is scheduled to make an appearance at the Mobile World Congress later this month in Barcelona, Spain, and we should be able to get some hands-on time with this new phone.

Hands on with the TG01 [via engadget]

Update: Slashgear's got a hands-on with this beast. Video after the break.