Seems LG wants a piece of the stylus-packing too-big-to-be-a-phone, but too-small-to-be-a-tablet market. It launched the teased Optimus Vu over the weekend and it’s nothing like the Galaxy Note, honest.

The Optimus Vu apes the iPad with a 4:3 ratio IPS screen, but shrinks it down to just five-inches. It’s fairly well equipped with “Rubberdium” pen for stylus action, while a dual-core 1.5GHz processor is backed up by 1GB RAM, 32GB of storage and a 2,080mAh battery that should keep it chugging away nicely. It’s also got an eight-megapixel shooter on the back and a 1.3MP front-facing cam for video chat. There's even an LTE-chipset in there for 4G-equipped markets (that’s not us), and it's all crammed into a pretty svelte 8.5mm thick frame.

Unfortunately it’s stull running Android 2.3 Gingerbread, but LG’s promised an update to Ice Cream Sandwich that’s “already in the works”. I’m still not sure there’s a massive market for stylus-equipped extra-large tablet-come-phones, but if you’re after one, you’ve now got two to choose from.