Not sure about anyone else but I did not hear anything about this Smartphone until today! Samsung revealed the SGH-i320 at the 3GSM World Congress. And it does look pretty cool! It is a slim (and apparently slimmer even) and very light (about 95 grams) phone very much like the Motorola Q.
In terms of specs, the i320 runs Windows Mobile 5.0 (including MSFP), comes with 120MB of memory, offers tri-band GSM support (including EDGE), a landscape QVGA screen, a microSD slot, Bluetooth, stereo speakers and a 1.3MP camera.
The SGH-i320 is expected to be released later this summer (or Q2 2006 according to the::unwired where plenty of pictures are also available).