South Korean handset manufacturer OCOSMOS has released a new MIP (Mobile Internet Phone, or Multimedia Internet Phone depending who you talk to), that has the ability to make calls over VoIP when connected to WiFi. Of course, it runs the Android OS, has a 3.7 inch AMOLED touchscreen and comes with a 5 megapixel camera.  Rounding out the specs are T-DMB mobile TV, WiFi, GPS, twin stereo speakers, and an Omos interface.  Oh yeah, it also has a 1Ghz CPU – just like that Nexus One!

Check out the video demo of the handset below. Warning, the cheese factor from the announcer is at full bore!