HTC is to release the HTC HD3 according to sources on the Internet as its Windows Phone 7 Series handset.

Although still in the "concept drawing" stage compared to the real life working model a la the Samsung Slate and LG panther handsets, leaked details out of the Far East suggest that HTC's offering will be the follow up to the HTC HD2 - the HTC HD3.

According to our tipster, who also happens to run his own website, the HTC HD3 will come with a massive 4.5-inch AMOLED screen with 1280 × 800 resolution, 1.5GHz Qualcomm Snapdragon processor, 1080p HD video playback, 720p HD video recording, 8-megapixel camera with dual-LED flash, WiFi, Bluetooth and 3G connectivity, 4G connectivity for blisteringly fast downloads that are over ten times as fast as today’s HSDPA phones, 1GB onboard RAM, 32GB external memory, 3.5-inch headphone jack, and HDMI output for connecting to your HDTV or monitor.

While the inclusion of all those specs for us is a bit over the top, some, if not most of them, could be possible.

Qualcomm has confirmed in earlier conversations with Pocket-lint that a 1.5Ghz Snapdragon is possible and on the cards by the end of the year. However it would be the first time HTC rolls out an 8-megapixel camera, instead preferring to opt for 5 megpixels on the latest HTC Legend and HTC Desire. Windows Phone 7 Series minimum is 5-megapixels. 

The phone is expected in time for the launch of Windows Phone 7 Series later this year.

We will keep you posted.

Thanks Mike