LG has been keen on collaborations with other brands in the past (Prada phones and Swarovski fridges for example), but we’ve just had word of its biggest partnership yet: Formula One, and it looks like a tie-in phone could be emerging from the pits very soon.

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Fresh from Korea, this tasty tip-off has our minds racing: It seems LG, the company responsible for the iMac’s existing screen, has a multi-touch version ready to go.

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Coming to the end of your contract? Looking for an upgrade to your rubbishy Java phone?

You’re spoiled for choice at the moment with swanky smartphones more common than out-of-work bankers. Everything from the T-Mobile G1 to the BlackBerrry Storm is free on monthly contract, but don’t whip out the credit card just yet - there are a few more mobiles on the horizon worth waiting for.

See which ones are worth waiting for after the jump.

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We’ve gone style mad this week thanks to LG’s new Prada Phone. We wouldn’t normally go near a fashion ‘fone, but the Prada II stands out on the catwalk by actually offering some decent specs inside, as well as a QWERTY keypad. Like most models though, it’s not a jack of all trades (Remember Kate Moss’ singing “career”?), so to give you fair warning, we’ve run through the things it just won’t do.

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We’re quite taken with the new Prada Phone. OK, it’s got a price tag to equal the average debt of an Icelandic banker, and it’s 50% heavier than the first model, but for the money you get a design to die for, more hidden talents than a Butlins training course and the option of pairing up with the exclusive Prada Link watch.

What do you reckon? Are we dazzled by the designer label, or has LG really dished up the goods?

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We’ve seen touchscreen phone after touchscreen phone pouring off the production line this year, but as the success of the Nokia N96 shows, there’s still a huge market out there for keypads. We’ve taken two of the hottest QWERTY keyboard mobiles today, the LG Prada II and the T-Mobile G1, and locked them up in a cage with the BlackBerry Storm, the fastest touchscreen typer in the West. Only one’s getting out alive: see who survives inside.

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We’ve pawed its touchscreen, fingered the new keyboard and gawped at the love-it-or-hate-it Prada Link Bluetooth watch, but here’s five things you never knew the new Prada Phone was capable of.

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You’ve seen the official snaps, and now check out our hands-on photos. We took an absolute ton, so you can see it from every angle. If you have any questions about the phone, shout up in the comments section below!

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