With the building hype and upcoming release of the iPhone, a lot of mobile phones have gone relatively unnoticed. O2 is looking to change that with their newest baby, O2 Cocoon. Judging from the specs of this clamshell-type phone, it looks to be a miniature marvel.

The said phone has a white exterior that lights up to reveal a LED display basically used for showing the time and caller ID. Another cool thing with this phone is that it remains useful even when you're at home. How? If you drop it in its dock is can act as a bedside FM radio alarm clock, or even a mini stereo system by using the dock’s built-in 3.5mm socket.

Audiophiles may also want to know that it has an internal memory of 2GB that goes well with its built-in MP3 player. IF that's not enough music for you, you can always pick up a 2GB Micro SD card and double the memory of the phone. Another interesting thing to note is that this phone is built to handle the new DRM-free AAC iTunes Plus downloads with no problems. And as a nod to the popularity of Bluetooth headset among audiophiles, the phone is compatible with wire-free cans.

So how much will this beauty set you back? It costs a whopping £300 (About US$ 592) on PAYG or you can get it free with a £35+ (about US$ 70) /mth subscription. Be sure to keep checking back here for the latest on mobile phones.