OK, so it's not a complete move away from the design of the N95, but it's still a looker...

Nokia have also taken the same route to take on the iPhone as Sony Ericsson with their XPERIA X1, namely including every feature known to man...

Wifi, HSDPA , 16 gigabytes of internal memory, 2.8" screen, GPS, 5 megapixel camera with flash, FM Radio are all present and correct, additionally you can expand the memory further with a microSD card which is a nice touch.

It shares the same dual slider design as the N95, although it is slightly bigger. I personally find the original N95 a little too chunky, so I'm not sure about the extra bulk. But you can't argue with the specifications...

Operating Frequency

• WCDMA2100/900 (HSDPA) / EGSM900, GSM850/1800/1900 MHz (EGPRS)
• Automatic switching between bands and modes
• DVB-H Class C, 470-750 MHz

• Volume: 92 cc
• Weight: 125 g
• Length: 103 mm
• Width: 55 mm
• Depth:18 mm, locally up to 20 mm

• 16GB internal flash memory, plus microSD memory card slot (hot swappable) for expandability and flexibility
• Approximate dynamic memory capacity indication with 16GB storage:
  -Video: 40 hours**
  -Music: 12,000 tracks***
• 128MB RAM, 256MB system memory (operating system plus dynamic user data area)

• Battery: Nokia Battery BL-5F, 950 mAh
• Talk time: up to 150 / 220 minutes (WCDMA / GSM)
• Stand-by time: up to 200 / 220 hours (WCDMA / GSM)
• Video playback: up to 5 hours (offline mode)
• Music playback: up to 14 hours (offline mode)
• TV playback: up to 4 hours (DVB-H)

Display and User Interface

• 2.8” QVGA (240 x 320 pixels) LCD TFT display with up to 16 million colors
• User Interface: S60 3rd Edition, Feature Pack 2
• Active standby screen, Multimedia menu

• WCDMA HSDPA 900/2100 MHz with simultaneous voice and packet data (PS max speed DL/UL= 3.6Mbps/384kbps, CS max speed 64kbps)
• Dual Transfer Mode (DTM) support for simultaneous voice and packet data connection in GSM/EDGE networks. Simple class A, multi slot class 11, max speed DL/UL: 177.6/118.4kbps
• EGPRS class B, multi slot class 32, max speed DL/UL= 296/177.6kbps
• GPRS class B, multi slot class 32, max speed DL/UL= 107/64.2kbps

Video Center

• Video center: central hub for video experiences
• Access to last played video and easy resume
• My videos: collection of stored videos
• Access to Internet Videos, compatible with RSS feeds and video podcasts, with direct wireless updates and downloads
• Service catalog to discover new Internet Videos
  

• MPEG-4 Part 2 (H.263/SP), up to VGA 30 fps, hardware-accelerated codec, scaled to max QVGA on device screen, or max SDTV on TV-out
• MPEG-4 Part 10 (H.264/AVC), up to VGA 30 fps, hardware-accelerated codec, scaled to max QVGA on device screen, or SDTV on TV-out
• Windows Media Video (WMV9), up to CIF/QVGA 30 fps, hardware-accelerated codec, scaled to max QVGA on device screen, or SDTV on TV-out
• RealVideo QCIF at 30 fps
• Flash video support in browser
• DRM support: OMA DRM 1, OMA DRM 2, WM DRM

• Broadcast Television (DVB-H) capable
  -DVB-H based mobile TV with internal antenna
  -DVB-H Class C, 470-750 MHz

• Support for download, streaming and progressive download
• Support for Flash video

Music Features

• Digital music player – supports MP3, AAC, eAAC+, WMA, album art
• Playlist editing and sharing
• Equalizer and visualization
• Search, browse and purchase songs online in Nokia Music Store – with support for Windows Media DRM protected files

Radio

• Stereo FM radio (87.5-108MHz, 76-90MHz) with support for RDS, Visual Radio™ and use of FM radio in offline mode
• Nokia Internet Radio

More details on Nokia's site