From the few details available the KE850 appears to be based on a 240x400 touchscreen interface, with Send, End and Confirm being the only real buttons. Some also think that the KE850's shape and color share lineage with LG's Chocolate line of mobile phones (LG-SV590/KV5900/LP5900), so it could be one of those too.
It could even come out today.
I think that Apple would be crazy to introduce anything before the Macworld Expo keynote on Jan. 9, but Gizmodo goes out on a limb stating that iPhone is coming out today. In Gizmodo knows: iPhone will be announced on Monday Brian Lam says "I guarantee it. It isn't what I expected at all. And I've already said too much."
More pictures and the original report (in Hungarian) is available at Mobil Portal.
If all this iPhone excitement wasn't enough for you, check out the Google phone, a tie up between everyone's favorite search giant, Google, HTC and Orange to build a gPhone, which would run Google software.