The Nokia Lumia 610 was finally unveiled at the MWC Nokia press event and is positioned to redefine what is “entry-level” for a Windows Phone.

Here’s why.

Let’s start with the basic specs:

• Running Windows Phone 7.5
• Powered by an 800MHz single-core Snapdragon S1 processor
• 256MB of RAM
• 8GB of internal storage
• 3.7-inch WVGA TFT LCD (480 x 800 pixels)
• 5MP camera w/ autofocus and LED flash
• HSDPA, 7.2 Mbps & HSUPA, 5.76 Mbps capable
• WiFi 802.11 b/g/n
• Bluetooth 2.1
• GPS
• Measurements at 119 x 62 x 12 mm

The Lumia 610 will be available in four colors (white, cyan, magenta and black) and will hit the market in 2nd quarter of 2012 for the price of 189 euros which is aboutPhp11,000. Is it cheap enough or what?

Check out the hands-on video below courtesy of Nokia.