This is obviously just a rendering, but wow it does look slick. Engadget has this to say:
With 256MB of ROM, VGA displays across the board, tri-band 3G radios, Bluetooth 2.0, and FM radios, the Ultimates definitely hold their own in the spec department — the only question, then, is whether they’ve nailed the industrial design.
Triband 3G … when will Nokia get it?