Nokia had just launched their 4th Lumia Device in a space of1 year, that's really impressive.
It is a 800MHz single core processor device with a 3.7" LCD screen, 5MP camera and available in 4 different colors (white black cyan and magenta), it is aimed at the common student in mind, as it is very affordable.
4 colors: Black White Cyan and Magenta
3.7inch LCD screen
800MHz Single Core CPU processor
8GB internal memory (with skydrive storage too, up to 25GB)
5MP camera, with LED Flash
video recording at 30fps
priced at 189euros and available from Q2 2012
for full specs see here