Well, it looks like LG has been pretty busy lately. Despite the initial reports from HTC and Asus, it looks like LG is far ahead of its peers when it comes to developing the very first Windows Phone 7 series smart phone.

As much as we would like to say that we are impressed, the new device is still short of our expectations. While the OS to be used will definitely be something, there is that slight disappointment at the generic looking phone that we saw in the images.

The LG Panther comes with a pretty glossy plastic body. Matte is significantly better, it is edgy and classy; better yet, it is not a fingerprint magnet. The keypad on the slide out QWERTY keyboard on the other hand is very promising. The keys look pretty spacious, though we do prefer the 5 row setup which makes numbers much easier to type in.

Specs wise, LG is quiet. The back of the phone clearly shows that a 5 mega pixel camera will be present on the device, the rest we can only guess about. Qualcomm’s chips will be used in the CPU –Microsoft did announce that WP7 is exclusive to Qualcomm technology so we are expecting to see either the Snapdragon 1GHz processor or maybe the upcoming dual core version.

The large display will definitely be a capacitive touch screen. Since WP7 relies heavily on touch based controls and gestures, it would not be surprising to have a capacitive AMOLED screen that can handle the graphic intensity of the new OS.

Reports state that we can expect to see the device come out this coming September. It is a lot earlier that the initially announced holiday release; and we are certainly not complaining.

Read more about the new WP7 device from LG at Pocket Lint.