HTC has just officially announced its latest budget offering dubbed Desire 200. It's running HTC's own Sense UI skin on top of currently unspecified version Android and packs Beats Audio music enhancement.
Built around a 3.5" LCD display of 320 x 480 pixels resolution, the HC Desire 200 packs a Qualcomm Snapdragon S1 chipset with single-core 1GHz CPU and 512MB of RAM. The internal memory is just 4GB, but thankfully it is expandable via the on-board microSD card slot.

At the back, the Desire 200 has a 5MP, f/2.8 fixed focus camera with 34mm lens that supports VGA video recording. The battery has a capacity of 1230mAh and is user-removable. According to HTC, it'll be able to provide you with 7 hours and 30 minutes of 3G talk time and 812 hours of stand-by.
Connectivity options include Wi-Fi 802.11 b/g/n, Bluetooth 4.0, microUSB and GPS. There's a trio of sensors, too - accelerometer, proximity and ambient light.
Pricing and availability are unknown at this point, but it's just a matter of time until major retailers and carriers are ready to share this info.