UPDATE: GSMArena claims to have some more information. Apparently, it will be known as I5700 Galaxy Spica and have a 800MHz CPU (same as Omnia II), run on Android 1.5 Cupcake update. Wow! Still Lite?!

The phone you’re seeing above is the purported image of I5700 Galaxy Lite, smaller sibling of I7500 Galaxy. The Lite tag always made us assume that it would be low on features but going by the leaked preliminary specs, the Lite and the main version looks at par.

The specs gathered by Frandroid claims the phone has Wi-Fi, 3G+ (HSDPA), GPS, Bluetooth (we confirmed it earlier) and pre-loaded Google service (which makes us to think that it will be a Google branded phone). Interestingly, there is no Home button but features a trackball which was not found on the Galaxy.

The phone is rumored to launch in France on Bouygues Telecom in October.

[Thanks Rich!]