Nokia's first Windows Phone handset, codenamed Sea Ray, could well be the Nokia 703 - an image of which has been leaked by an anonymous tipster to an unofficial Windows Phone website.
WMPoweruser writes that the presentation slide appears to be destined for mobile phone operators but again, there's no proof that it is indeed a genuine snap.
The Nokia 703 purportedly has a 3.7-inch WVGA capacitive touchscreen - like most of the competition - plus a 5-megapixel rear camera with 720p recording.
The rest of the hardware, again in line with Microsoft recommendations, includes: 512MB RAM, three dedicated buttons, 8.5GB onboard storage, no card slot and a Qualcomm Snapdragon SoC clocked at 1GHz very likely to be part of the BoM.
The first Windows Phone 7 handsets have already been released courtesy of HTC; the Radar and the Titan were presented during an event held in London last week.
Of the two, the Radar looks very likely to be the first rival to the Nokia 703 although one must not forget that there are some great first generation Windows Phone handsets like the HTC Trophy which are currently being discounted and are upgradable to Windows Phone Mango.