Nokia 5530 XpressMusic : Cheap Full-Touch Nokia Phone

Nokia announced the Nokia 5530 XpressMusic, a cheaper version of their popular Nokia 5800XM.
Nokia 5530 XpressMusic is much cheaper by removing off some key features.
-No 3G connectivity
-No GPS,
-Smaller touchscreen (2.9 inches versus nokia 5800 XM which has 3.2 inches)
-Smaller memory card (Only 4GB MicroSD card included)
-Limited box content (The 5530 has a different headset, no TV Out cable, no carrying case and
no spare stylus nor plectrum)

The Nokia 5530 XpressMusic has a 20 person contact carousel and it has higher processor than the 5800XM. The price of Nokia 5530 XpressMusic must be cheaper than 5800XM.