Huawei has had a very strong CES showing last month, grabbing the headlines with both the Ascend D2 and Ascend Mate, but that doesn’t mean the company’s not holding some aces up its sleeve for February’s MWC as well.

Well, more like a single ace, but one that has the potential to become a real wild card – the Ascend P2. This guy has been making the rumor rounds for the past couple of weeks, but we were yet to hear a story as substantial as the one reported by GizChina today.

Not only has the online publication got ahold of some exclusive photos starring the upcoming super-phone, but it also managed to find out a couple of new spec and pricing-related details.

The pics are not exactly shockers, as they basically keep in line with the first P2 render. What could be surprising however is the rumored starting price point – 3,000 Yuan, or around $480. That’s crazy cheap, even for Huawei, but get this – the phone is now rumored to come rocking that new 8-core SoC teased last month.

Say whaaaat?!? So the Ascend P2 is going to come packing a 4.7-inch Full HD screen, 2 GB of RAM, a 13 MP rear-facing snapper, Android 4.1 Jelly Bean, a 3,000 mAh battery and an octa-core processor?  And all that’s going to cost less than 500 bucks? I don’t know what you think, but I reckon if all this proves to be accurate it’s game over for all Huawei competitors. But, you know, that’s a big if, isn't it?