The image above was posted on Eldar Murtazin's LiveJournal. Eldar has access to prototypes of phones long before they're available in the shops and as seen in this case, he also has access to devices that have been cancelled and will never see the light of day.
From what I can see, this is a Nokia device. I haven't seen phones from other manufacturers that feature the swirly 'i' that can be found on the '0' button on many Nokia devices. I can also gather that the device doesn't run S60 as there's no standard S60 menu button. S40 maybe... or even Android?
Could this be the start of something new? The design of the device is different from other Nokia devices and even slightly resembles the vertu line of devices, maybe Nokia will be changing the way they design their S40 phones in the future? Maybe this is S40's equivalent of the N81? Time will tell, I guess.
According to this thread in the Mobile-Review forums, Eldar will be publishing a 'review' on a bunch of scrapped devices sometime soon.