Take the Palm Pre. Smash Android on to it, add a few buttons, and maybe tone things down in the “Good looks” department a bit. Know what you’d get? Probably not – because this is the first time we’ve seen it.

We’re not sure where they were lurking when they found it, but the gents over at Frandroid spotted this Pre-esque handset and were nice enough to bring pack photos and video galore.

Packed inside this lil’ slider is a 600Mhz CPU, 802.11 b/g, EDGE, 3G, GPS, Magnetometer (Compass), 2 megapixel camera, and an accelerometer. While those specs are none too earth shattering, what is impressive is the price target; according to the original source, they’re trying to get this thing out there at a price cheaper than the HTC Tattoo, which goes for right around 300 bucks before contract and subsidies. If this thing comes stateside, we could be looking at the first killer Android phone for the lower end.

[Via IntoMobile]