Samsung’s Galaxy S2 is a whole lot of smartphone. From the dual-core Exynos CPU, to the 4.3-inch Super AMOLED Plus display, the GS2 has hardware specs that make other phones jealous. Maybe you like the general design of the phone, but think that all hardware might be overkill for your uses? You may be in luck, as a Swedish cellular provider has outed the Samsung Galaxy Z, which looks to be a slightly-reduced-spec GS2.

For instance, instead of the 1.2GHz dual-core Exynos, the Z would use a 1GHz dual-core, and possibly go with NVIDIA this time around. The display would shrink slightly to 4.2 inches, while keeping the same resolution but going with a less expensive Super Clear LCD screen instead. Another area taking a hit is the rear camera, going down to five megapixels from eight. Also, look for half as much storage on-board.

So what does all that do to the price? The Galaxy Z is posted for what comes out to about $630. While slightly cheaper, you can already find discounted GS2s for $50 more than that, down from an $800 list price. Of course, once the Galaxy Z is out for a bit, you may be able to track one down with comparable savings, finally start to make the phone’s cost-cutting hardware seem sensible. Frankly, though, we’d probably still try to go with the GS2.