EDIT:

The Nokia spokesperson (India) has just confirmed with us that the N96 will priced between Rs. 32,000 and 35,000.

The iPhone killer hopeful, Nokia's N96 is officially out of the box. It comes loaded with features, and a rather heavy price tag of EUR 550 (around Rs. 43,000) excluding taxes!

The N96 features a 2.8-inch display, as well as a 5 megapixel camera with Carl Zeiss optics. It also offers live TV, turn-by-turn voice navigation, 16GB of internal memory that can be increased to 24GB with an optional microSD card, superior sound and music, as well as N-Gage gaming.

Feature-rich? Sure! Value for money? No way! But then again, which latest drool-worthy gadget is nowadays? The N96 sure looked drool-worthy when it was introduced, but the price looks set to bury a fan's excitement.

The N96 is expected to turn out to be yet another dampener for Indians those still mourning the price of Apple's iPhone 3G in this part of the world, where it was launched with a logic-defying 30K plus price tag.

However unlikely it may seem, we hope Nokia will reduce the announced price for their new phone.

As for the pricing of this phone here, we haven't been able to get in touch with Nokia India, as yet. In the meantime, check out this unboxing video for the N96.