Remember the M300 GSM phone? Yeah, probably not. The Australian company that makes it has just submitted its successor, the M500, to the FCC for approval. Here are the specs:

It's got tri-band 900/1800/1900 GSM, has a touchscreen with a stylus, Bluetooth, miniUSB, 400mAh battery life that gives 120 minutes of talk time and a multimedia player for audio and video playback. Seriously, we'd be happy enough if they ditched all the extras and just focused on getting better battery life in a watch that makes calls. We're not really going to be doing any movie watching on this thing.

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GSM Watch Phone Revealed on FCC Filing [Wirelessinfo]