Panasonic making a mobile phone?

Few details have emerged at this point, but here's what they're people are saying about it:

5" 1080p Full HD 3D Plasma screen, Infinite Black Ultra, 30,720 Gradation Steps with DCI 98% Color Space

Exclusive access to 3DO games, optimized for mobile. (Light Gun support rumored)

Marketing leaks reveal that they will make heavy use of a panda bear and Sonic the Hedgehog, because they "sound the same." They go on to say, "...and quite frankly, who doesn't love a panda?"

Release date is scheduled for Q4 2013