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Well, sure it’s not cheap. But the $700 Nokia N95 adds HSDPA to the party for U.S. consumption at 850MHz and 1900MHz. It comes with a 5-megapixel camera with Carl Zeiss optics, assisted GPS with Nokia Maps, a 3.5mm headphone jack, and integrated Bluetooth 2.0 and Wi-Fi.

Nokia’s N95 (video) features larger capacity battery (1,200mAh versus 950 mAh) for 30 percent longer battery life and comes with 4 Megs RAM and will also ship with a 2GB microSD card. The 8GB Nokia N95 features a slider design with music controls at the top and a larger 2.8-inch QVGA non-touch screen (compared to the old N95’s 2.6-incher).

The N95 is a full fledged music player. It supports MP3, WMA, RealAudio, SP-MIDI, AAC+, eAAC+, MIDI, AMR, M4A, True Tones. Its two-way slider, when slid towards the keypad, allows access to its media playback buttons. A standard 3.5 mm jack is located on the left side of the phone and allows the user to connect any standard headphones to the unit.

You’ll be able to purchase an unlocked version of the U.S. Nokia N95, available in tan or black, starting in mid-September for $699. Expected U.S. availability for the 8GB N95 is Q4 for $749. Om likes it.

Nokia also announced a handful of handsets today including:

  • The N81, a slider 3G phone that comes in two variants. One model has 8GB of storage built in, and the other has a microSD slot for additional storage.
  • The 5310 XpressMusic, a candybar with tri-band GSM/EDGE and dedicated external music controls. It has a 3.5mm headset jack as well as stereo Bluetooth. It has a 2-inch QVGA screen and a 2 Megapixel camera. It supports up to 4 GB of miscroSD storage and will cost 225 Euros.
  • The 5610 XpressMusic phone is a step up from the similar 5300 XpressMusic. The WCMDA 3G slider features a music slider key that will automatically launch the music player from a blank screen. It has a 2.2-inch QVGA screen that is scratch proof and offers 22 hours of music playback, support for 4GB microSD cards for storage and a 3.2 megapixel camera with LED flash and an FM radio.

Nokia also introduced a new music store that will compete with iTunes and other online music services. The Nokia Music Store will allow users to download tracks over the air directly to select handsets, or via PC and sync to handsets later. It will initially be compatible with the newly launched N81 and N95 8GB.

Users will be able to browse artists, songs, or albums, as well as get recommendations on new artists. Tracks will cost 1 Euro and albums 10 Euros, with a streaming option also for 10 Euros. The tracks will be sold as DRM-protected WMA files. The Nokia Music Store will launch in certain European markets in the fall, and other countries in Europe and Asia later this year.

Nokia also revamped its N-Gage platform. The new N-Gage service is compatible with S60 3rd Edition phones, and will provide access to a wide range of games from content developers such as Electronic Arts and Capcom. N-Gage is a free application that can be downloaded to S60 phones. It will be embedded on new phones, starting with the N81 and N95 8GB.

The N-Gage service will be available globally in November 2007. At that time, the free N-Gage application can be downloaded from www.n-gage.com (PC or mobile) and installed in compatible devices.

Ovi is the gateway to Nokia’s Internet services, including the Nokia Music Store, Nokia Maps, and N-Gage games. It will also be an open door to web communities, enabling people to access their content, communities and contacts from a single place, either directly from a compatible Nokia device or from a PC. The first version of Ovi.com is scheduled to go live in English during the fourth quarter of 2007 and additional features and languages expected to go live during the first half of 2008.

Here’s a blog feed from the Nokia Go Play Event webcast live from London this morning on August 29.

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