Samsung has released the sleek looking Mini MP3 Phone. The new look combines an mp3 player and then swings around to change into a cell phone. When the the phone is it’s smaller form it acts as an mp3 player and will display song titles, playlists and equalizer information on the display.

When swung open the cell phone reveals it’s number pad and it becomes large for a greater ease of use. The cell phone/mp3 player weighs a light 73 grams and combines both functions in a sleek and trendy package.

The Mini MP3 Phone contains 1 GB of storage space, which can store roughly 250 songs, and also contains a click wheel for easy navigation. The phone also has a podcasting function which allows users to download audio files from sites such as CNN or the BBC.

The phone is bluetooth enabled so you can listen to music or talk on a Bluetooth enabled headset. The Mini MP3 Phone comes in six different colors: black, white, pink, orange, green, and blue.

Added to all that it also comes with a 1.3 megapixel camera. While the quality is below average for cell phones it is still pretty amazing that they managed to stick a digital camera onto such a tiny device.

This phone will be released first into the European market but will soon be expanding to other GSM markets.