We now have some specs for the budget-friendly LG KP500.

Aside from the 3-inch display and 3-megapixel camera, it’ll come with quad-band GSM, GPRS/EDGE connectivity, FM radio, accelerometer, on-screen QWERTY keyboard, 12fps video recording, Bluetooth, and an internal 46MB memory that can be increased via a microSD card.

For those dismayed with the lack of WiFi and 3G, remember that this is considered an entry-level device and in order to lower its cost, they have to cut-back on some features. With an estimated cost of $350 exclusive of carrier subsidies, LG is providing consumers with a decent feature set that’s priced right. It's expected to hit the market at early this month.

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