When you look at the new Nokia 8600 Luna luxury phone, you can tell the higher-ups at Nokia let the design team flex a little bit of its creative muscle. It uses a smoked-glass sheathe to hide the keypad. Yes, glass. It also features a gorgeous QVGA display. It's a beautiful phone, no doubt. Too bad its features aren't more impressive than any $100 off-the-shelf feature phone. But hey, beauty comes at a price.Looking at the spec sheet, the Nokia 8600 Luna looks pretty middle of the road. Quad-band GSM/EDGE lets it work all over the world. It has a 2 megapixel camera, which is what many camera-equipped phones come with these days, such as the iPhone, Motorola Q9 or BlackBerry Curve. It's one of the first Nokia's to ship with the new MicroUSB port for charging and syncing data. It plays most music formats. And the screen is darned purty. Nokia calls the Luna "organic" and even says the Luna has a "heartbeat." (Um, that's the vibrate alert, people.) The price tag, however, is not so middle of the road.

The Luna, named for the Moon Goddess, will street at an astronomical 700 Euros, or $940, which far outstrips the iPhone in cost. Obviously this phone is not meant for plebs. Only Paris Hilton and other fashion-conscious (and wealthy) people would consider such a high price for such low features.

Even Nokia's own N95, which costs $750, comes with far more functionality.

At least we can stop complaining about the high price of the iPhone. $500 is a bargain compared to $940.