If you are looking for an affordable compact handset, than you should take a look at the Nokia 6720 classic mobile phone. Released in July 2009, it is already available and it seems it is better than its predecessor, the 6220. The phone comes with Symbian OS, a 5 megapixel camera, GPS and other useful features.
Features and specifications: GSM 850 / 900 / 1800 / 1900 2G and HSDPA 900 / 1900 / 2100 3G networks; Display: TFT, 16M colors, 240 x 320 pixels, 2.2 inches; speakerphone, with 3.5 mm audio jack; Memory: 50 MB internal, microSD card with up to 16GB, photo call; GPRS; HSCSD; EDGE; 3G; Bluetooth and USB connectivity; a 5 megapixel camera, with 2592×1944 pixels, Carl Zeiss optics, autofocus, LED flash, and a secondary QVGA videocall camera; Symbian OS, S60 rel. 3.2; ARM 11 600 MHz processor CPU; WAP; stereo FM radio; GPS; Java support; WMV/RV/MP4/3GP video player, MP3/WMA/WAV/RA/AAC/M4A music player; document viewer; voice memo; TV-out; 110 x 45 x 14 mm, and 110g.
The Nokia 6720 classic is already available, in Titanium, Grey, and Brown color options, at the price of 220 euro.