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"With the vivid 3.8" screen, HTC 7 Trophy sits comfortably in your hand and performs perfectly playing games on Xbox Live."

If there's a budget phone in the new HTC line up, I think this is it; this pretty much adheres to the Windows Phone 7 minimum specs down the line, though it has a 3.8 inch screen versus a 3.5 inch screen. The HTC 7 Trophy will offered by Vodaphone in Germany, France, Spain, United Kingdom, Austria and Switzerland.

• 3.8", 800x480 touchscreen
• 4.67" x 2.42" x 0.47" 140g
• 512MB ROM/576MB RAM/8GB internal storage
• Processor: Qualcomm Snapdragon QSD 8250 1 GHz
• Battery life: WCDMA - Talk time: 330 min/Standby: 435 hrs GSM - Talk time: 405 min/Standby: 360 hrs
• 5MP camera / 720p HD video

More photos after the break. Read more...

"The name is the HTC 7 Trophy and it received approval from the Global Certification Forum (GCF), which is a partnership between OEMs, operators and the test industry to basically certify phones. It's usually a Europe/Asia thing and obviously not the U.S."

WMExperts are speculating that the 7 Trophy will have Windows Phone 7 onboard, but at this stage nobody really knows. On the other hand, the "7" moniker and the release timeline is about right for a WP7 release. Better yet, the original conception of the previous HTC model codenamed Trophy had a front QWERTY keyboard, which would make the 7 Trophy a real departure from the touchscreen-only devices that have been outed so far. Hit the link for further details.