Huawei Ascend W2 is pretty much confirmed now. TD-SCDMA version of Ascend W2 is coming to China Mobile soon. This is a big deal for Windows Phone platform in China, because Huawei can push Windows Phone devices to new price points. The device is expected to have following specs,
The device is rumored to cost 1770 Chinese Yuan (290 USD) only!
Thanks to hengxiang32401 for the heads up.