Verizon Wireless has announced the upcoming LG Cosmos, a feature phone sporting a QWERTY keypad and a budget-friendly price.

A basic phone aimed at social networkers, the Cosmos offers a 1.3 megapixel camera along with quick links to Facebook, Twitter, MySpace and other social networking platforms. Bluetooth 2.1 and aGPS round out the wireless features with added functions like voice clarity noise level reduction and favorite keys for oft-used contacts.

The LG Cosmos will be available from Verizon Wireless on March 25 at a price of $29.99 USD with a two-year commitment and $50 USD mail-in rebate.

Following in the footsteps of the DSTL1 Imaginary released by General Mobile last year is the freshly revealed Cosmos, an Android 2.0-powered device.

The Cosmos offers a big upgrade over the Imaginary where features are concerned and sports a much more streamlined look with added style like battery cover etching. The Cosmos utilizes a 3.2 inch HVGA capacitive touchscreen (320×480) with an accelerometer to allow users to get the most out of the Android “Eclair” experience. 256MB of internal flash memory and 128MB of SDRAM along with a Marvell PXA935 processor offer the storage, RAM and processing power needed. Multimedia features include a 5 megapixel camera, FM radio and Bluetooth.

Release and pricing details have yet to be released for the General Mobile Cosmos.