Samsung’s latest Android smartphone has been outed, and it’s clear the company has been looking inward for its inspiration. The Samsung Galaxy Z is a more compact version of the Galaxy S II, with a 4.2-inch WVGA Super Clear LCD display and 1GHz dual-core processor.

There’s also WiFi, Bluetooth and a 5-megapixel main camera with an LED flash and HD video recording. GPS, an FM radio and 8GB of internal storage round out the key specs, along with a microSD card slot. OS is Android 2.3 Gingerbread, with the usual TouchWiz modifications.

Currently the phone us up for preorder in Sweden, priced at 3995 SEK ($635); there’s no word on whether the Galaxy Z will launch elsewhere, though we would be very surprised if Samsung didn’t push out versions across Europe. It seems something of a halfway house between the original Galaxy S and the SII, and considering the popularity of both devices that’s probably not a bad idea.

[via Samsung Hub]