It looks like everyone’s returning back to basics with the design of the new clamshells. First it was Motorola with it’s new/old Startac III phone.
Now it’s Samsung S480 - redesign of 2003 classic Samsung E700, which, with more then 10 million units sold worldwide, was a real hit at the time.

The new/old model, numbered Samsung SCH S480 keeps the same look and feel of the old E700 and ads some modern refreshments like more color schemes, 1.3 mpx camera and mp3 player.
Samsung S480 will be launched in Korea first and will cost 300 000 Won ($323) before subsidies.
Source: Samsung Korea
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