This leaked picture of a handset might be a Nokia Lumia 601 or Nokia 601. It was not shown before. It has the same color as Lumia 800 but seems to have a little metallic in it.
According to Nokiablog, it has similar camera as Nokia C7. That might means that it is a fixed focus (or full focus) camera (no auto focus).
It is not surprising that Nokia will make lower end phone as there is a huge market for them. And recently, Microsoft has lowered down the specs for Windows Phone which makes it more convincing that we are going to see lower end handsets with Windows Phone OS.
What do you think?
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