A new Sony Ericsson handset made especially for the Olympics has been announced. This new product comes as a second Olympic phone for the Russian Olympic Team. The device has been dubbed the Sony Ericsson S500i and is somehow more elegant that the first one.

The S500i was forged in a collaboration with BoscoSport, the device is also known by the name Sony Ericsson S500i Basco Edition. BascoSport may not be known to you but in fact it is a large sport clothing Russian brand. Well, it may be that the S500i is now known as the second Olympic Edition for the Russian team, but BascoSport placed their logo right under the handset’s display.

The new Basco S500i or S500i Olympic Edition comes with quad-band GSM connectivity (850 / 900 / 1800 / 1900 MHz) with GPRS and EDGE. For the rising internet connection necessity, the S500i has a capable RSS reader, NetFront browser, email support and Instant Messaging. To this the developer added a 2 megapixel camera, which is decent in many ways and it can also record videos. To view your videos, the developer added a 2 inch TFT display with 256K colors and 240 x 320 pixels which is sufficient.

And what could do the Russian Olympic Team without decent entertainment features. The Bosco S500i comes with a music player and TrackID. Other features include Bluetooth 2.0 support with A2DP, USB and 12MB internal memory expandable via a Memory Stick Micro card.

The battery live is very good. It has 9 hours talktime and 370 hours in stand by life. S500i is relatively light as it weights just 94 grams and measures 99 x 47 x 14 mm. As for its price, it is of course more expensive since it is a special edition mobile phone. The Basco S500i costs about $340. And for the moment the device is available only from a Russian cell phone operator named Svyaznoy but rumors say it might be released in other parts of the world as well in the near future.