Check out the Technicolor rainbow above. What you see could very well be the successor to the popular Blackberry Pearl. BGR received a reliable tip that the 8120 is to replace the Pearl this summer as an updated version. New features include color choices of black, red, titanium, and gold, a 2-megapixel camera (very nice), GPS, and WiFi. Yeah, WiFi. That means you can use IM+ to make free Skype calls from your Blackberry with ease.
Rumor has it that T-Mobile will launch the 8120 around September, but nothing has been confirmed yet. Rogers will be launching it in Canada around September. Rockage.