The original Prada Phone, LG would have us believe, was the inspiration for the iPhone. Just four months after LG won the iF Design award for its groundbreaking design, Steve Jobs took to the stage at Macworld and turned the entire industry on its head. There were similarities between the two devices, but while both had touch-based UIs, capacitive displays, and strong black bezels, there was a key difference: software. Whereas the iPhone introduced the world to pinch-to-zoom, Google Maps integration, and desktop-quality web browsing, the Prada ran a Flash-based OS that looked great, but accomplished very little. The Prada Phone 3.0 is LG's attempt to finally nullify that disparity.

LG has traded in the original Prada UI for Android 2.3, making this the first true modern smartphone in the line. But its 1GHz dual-core processor, 1GB of RAM, and 8GB of storage don’t exactly set the heart racing. When coupled with an out-of-date OS and a tired 4.3-inch WVGA display, the Prada 3 simply can’t match the current pack of smartphones vying for your attention, on paper at least. Instead, LG is hedging its bets on a collaboration with design house Prada swinging the tables in its favor.

The original Prada wasn't cheap or powerful, yet its strong design and Prada’s brand cachet led to it selling over a million worldwide. Is this phone the natural evolution of a strong franchise? Or should the Prada line have remained a fond memory?