Toshiba this morning has announced the TG01, a Windows Mobile-powered touchscreen smartphone the company intends to position against the iPhone 3G, Samsung Omnia, and HTC Touch HD overseas, SlashGear reports. There are no plans to bring it here just yet, but the specs are pretty impressive: the TG01 has a 4.1-inch WVGA (800-by-480-pixel) touchscreen, which handily beats the iPhone—although it's resistive, not capacitive like the iPhone and T-Mobile G1 panels.

The TG01 also features 3G, Wi-Fi, GPS, and A-GPS radios, along with the company's proprietary 3D user interface. In addition—and this is significant—it uses Qualcomm's 1GHz Snapdragon QSD2850. The report said that the chip has dynamic speed control, letting it run for a long time at lower clock speeds whenever the user isn't doing anything CPU intensive in order to conserve battery life. Still, could this be the first Windows Mobile handset that truly flies in terms of performance?

Other nice details: the handset responds to gestures and shaking, the latter of which can answer and end calls. Toshiba said that the TG01 will be available in Europe over the summer; no word yet on networks and price. We'll probably hear more about this one at MWC in a couple of weeks.