PC Magazine mobile analyst, Sascha Segan, reports today on the release of Cingular and Motorola's second iTunes phone, dubbed the SLVR L7. The L7 boasts a 262k-color screen, a VGA camera, Bluetooth and an IM client. You can play songs synced over from iTunes, but you're limited to just 100 songs per TransFlash memory card. Is it better than its predecessor, the SLVR L6? Well yes, but does it perform better? Sascha will have a review of the L7 for you by the end of the week.

The SLVR L7 costs $199 and is available for purchase on Motorola.com.