The T-Mobile Prism is a budget phone for Magenta's network. It is manufactured by Huawei and comes with a 3.5-inch display, Android 2.3, a 3.2 MP camera and 3G connectivity.
Indeed a very basic device that lacks many features compared to other devices. It will go for $20 on a 2-year contract upon release, though. The price is substantially low for a new device, and that is what makes it a bit more enticing.