For starters, the LG KF301 has a smaller internal display -- 2-inch with 176 x 220 pixels -- and it doesn't feature the quick access keys you get on the KF300. The new phone also comes with tri-band GSM connectivity, Bluetooth 2.0, USB 2.0, WAP 2.0, FM radio, 1.3 Megapixel photo camera and microSD card support.
The best thing about the LG KF301 is that its 900 mAh battery is "long lasting", although we don't know its exact performances.
The LG KF301 could be soon available all over the world (Africa, Asia, Australia, Europe, North America, South America). The phone's price should be anywhere between $100 and $200.
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