Inventec has announced that it will soon be shipping the Velocity 103, its new smartphone. Available in black, it features a 2.8-inch, 640 x 480 resolution touch screen with an Odyssey Interface. It also has 128 MB RAM, 256MB internal memory, a 2.0 megapixel cam, WiFi and Bluetooth 2.0 capability, Windows Mobile 6.1 Professional, microSD card slot, and TV out. You can pre-order the 103 at expansys for $499.99.