World’s Smallest And Lightest Cellphone, The Phone Strap 2

What's just two-inches long and pink?  The Phone Strap 2, a Japanese cellphone that is being called the "world's smallest and lightest cellphone".

The Phone Strap 2 has a one-inch display, a retractable antenna, and a two hour talk time.  The phone is being offered by Willcom for under $400 but you better act fast as they are only making 12,000 of these tiny cellphones.  More pictures of the Phone Strap 2 after the break.