I've never heard of Saygus either, but their CDMA-ready V1 has just cleared the FCC, and looking at Saygus' own Website, you could get the impression that it's the mysterious third Verizon smartphone submitted through the carrier's Open Development program.
On its site, Saygus mentions the "mystery third Verizon Android device" article, which reiterates how the Open Development program is designed to make it quick and easy to get devices onto Verizon's CDMA network.
The phone has decent specs, and definitely looks better than the cheapy Motorola "Calgary" Android phone. If the Saygus is actually headed for Verizon, it'll be interesting to see which arrives first. [AndroidPhones via SlashGear]