We just heard about the Slatepad tablet coming from the house of Spice mobility. Now the company is back with another product, an affordable phablet to further strengthen its portfolio of Android devices. Spice Mobility launched an entry level Android smartphone named Spice Mi-502 Smart Flo Pace 2. The device is now available for sale with the e-Commerce portal Saholic.com at a Price of Rs. 6,999. Spice Mi-502 Smart Flo Pace 2 is a Dual SIM Smartphone which sports a 5.0 inches of WVGA capacitive touch screen Display with a resolution of 480×800 pixels, running on Android 4.0 Ice Cream Sandwich Operating System. The device has been powered with 1GHz Dual Core processor complemented up with 512MB of RAM and also houses 512MB of internal storage capacity which can be expandable up to 16GB via Micro SD Card. Spice Mi-502 Smart Flo Pace 2 packs a 5.0 MP of rear camera with Dual LED Flash and also a 1.3MP of front facing camera. On the connectivity front, the device offers 2G, Wi-Fi, USB, Bluetooth etc, and runs on a 2100 mAh powerful Battery. The device also comes with 3.5mm Audio jack and 9.9mm of thickness and also has pre-installed applications including Whatsapp, Nimbuzz, Hoopz etc. With this price tag Spice Mi-502 competes directly with the recently launched Micromax A72 Canvas Viva which is also available for the same price but with inferior specifications.