According to LG corp that LG KM501 Music phone now available.LG KM501 Music phone has slider form factor with black cover color.LG KM501 Music phone is also has integrated with 2 MP camera,Three band GSM and 42 MB internal memory.
Main specification of LG KM501 Music phone:

• 2-inch, 240×320 pixel screen with 260K colors
• 2 megapixel camera with built-in flash and digital zoom
• 42MB of internal memory and support for up to 4GB microSD cards
• Bluetooth 2.0 with A2DP
• Pre-installed games, built-in Web browser,