Yeah, this is just a concept phone. Not sure whether Sony Ericsson (as mentioned on the site) is working on it or not, you can see and enjoy the concept through these images:

“All this while you thought you couldn’t do without your handycam, phone, musicplayer etc. but if Sony has its way, you may be able to have just one gadget that does it all for you. It will be your mobile phone, still-camera, video recorder, PDA, music player; in short everything bundled together. This concept phone has a unique twist to it, to lock it or use it; you need to twist the movable base. It sports a 5 MP camera and has dual mode. You can either use the simple keypad or a stylus for inputs…”

Too good to be true?

[DesignLaunches via 3GWeek]