VIDEO: Samsung Galaxy R in action

Remember the Samsung Galaxy S II budget variant, the Galaxy Z, that Three in Sweden dropped details of last month?

Well, here it is in action - although it's gone all Prince on us. It's now the smartphone formally known as the Samsung Galaxy Z a.k.a the Samsung Galaxy R.

Whatever letter it ends up taking (looks like R for the Europe launch) it's a cheaper option for people loving the work of the S II but not able to cough up the readies.

It packs a dual-core chip - not the 1.2GHz variety of the S II, but a dual core 1GHz CPU that'll still be pretty nippy. And it may not have the Super AMOLED screen of its big brother, but at 4.2-inches and the same 800x480 resolution coming by way of Super Clear LCD, its display none too shabby either.

There's also Bluetooth 3.0 and Wi-Fi connectivity, along with "Turbo 3G" and a 5-megapixel camera with an LED flash, capable of 720p video recording too. On board is 8GB of storage, expandable by 32GB using microSD.

Reports are contradictory as to whether the R / Z will be landing in the UK - we'll update you as soon as we know for sure.