Well, watch phone fans… It was fun while it lasted. When we first caught wind of the LG Watch Phone, we laughed. When LG unveiled it, we were silenced. When Orange reportedly priced it late last week, we laughed again — and then cried. For the time being this is a rumor as Orange and LG have yet to confirm it, but word on the street is LG’s Watch Phone will be announced by Orange soon for a whopping £1,000 ($1,454) or £500 ($727) on contract with a monthly rate of £40 ($58) and up. Wow. The 3G is great, the UI is nice, the touchscreen is cool and the functionality is respectable but the price? No, no, no. That ugly little Phenom watch phone isn’t looking so bad anymore, is it?

Thanks, Danger!

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LG is full of surprises these days, even though we all knew this nifty little gadget was coming. When we first covered the LG wristwatch phone, it was all in good fun and humor. It turns out however, that LG’s Touch Watch Phone really is a cool little gadget. First off, it supports 3G, is Bluetooth capable, has a 1.4″ touch screen and it even sports a front-facing camera for video-conferencing. If you’re the type who doesn’t like admiring your own wrist for more than a few seconds, the Touch Watch Phone will also read text messages aloud – perfect while on the run or on the couch with your arm buried in a bag of potato chips. Pretty cool, right? We’re not sure if it supports speech-to-text, but we’ve got our fingers crossed since it will make entering data on Touch Watch Phone a breeze. No pricing or solid release date yet, but at least we all know it’s official now. Anyone going to pick one of these up and show it off?

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