Samsung Electronics is working on a new phone called the i5700 Galaxy Lite and it has just been spotted in the wild. The Galaxy Lite photo was received and spread by Cellularmania. The Galaxy Lite has a 3″ AMOLED touchscreen, HSDPA connection, WiFi, Bluetooth, and 3.2 megapixel autofocus camera. Other features include GPS, FM Radio, and microSD slot.