This phone brings out a new concept that Nokia calls “social location.” In this video, Laura Mitchell of Nokia explains how the device is equipped with A-GPS sensors and an internal compass to allow users to find and share their own location, update their social networks, and share pictures and videos.

The 16:9 widescreeen display can be fully customized and plays widescreen DVDs in widescreen format. The N97 ensures that all the regular tasks that you need to do such as emailing, texting, blogging, and posting can be done easily through either the virtual touch input or the physical QWERTY.

The smartphone holds up to 48 GB of storage, which includes 32 GB of on-board memory with microSD expansion. The battery life is reportedly capable up to 1.5 days of continuous audio playback time and up to 4.5 hours of video playback time. The phone also includes a 5-Megapixel camera with high-quality Carl Zeiss optics.

Last but certainly not least, the Nokia N97 is expected to be released to Europe and Asia during the first half of 2009 and then to the U.S. shortly after. The estimated price is $695 (550 euros).