HTC Touch has now a new competitor: Asus’s P552w smartphone.

This new handset features a QVGA (240×320 pixels) display and a pretty impressive 624MHz CPU. If it wasn’t for the QVGA screen this phone could have threatened Diamond’s position but this later has a VGA (480×640 pixels) display.

The P552w features a 2 megapixel camera, Bluetooth, WiFi and even GPS. Asus’s Glide UI certifies a smooth access to photos, videos, RSS feeds and more.

There is no official information on pricing and availability but there’s a rumor saying that the European market will be welcoming it any time now with a price tag similar with the one for the HTC Touch.

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