Sony-Ericsson's w395 is a GSM walkman-phone with an FM radio, built-in stereo speakers and a 2 megapixel camera. There's an accelerometer for games, and it comes in gray and silver. Princing's yet to be announced but it'll be out in a few weeks.
Also put out today was the C903, a HSPA Cybershot with a 2.4" display, aGPS, and a 5 megapixel sensor. It automatically geotags shots and uploads them to Flickr, Picasa or other photo services, comes in lots of bright colors, and will be out this summer.
Press release [Sony Ericsson]