Philips Working On X-Connect Touchscreen Phone?

Philips is apparently working on a touch screen phone (not the X800), called the X-Connect.

This phone is reported to be running Windows Mobile 6 Professional, powered by a 624Mhz Intel processor, and will feature a 3” touch screen. Connectivity options will include 3G, UMTS/HSDPA, and an integrated GPS receiver. Other interesting points are its AA/AAA battery backup.