Despite being knee-deep in debt and on the verge of bankruptcy, Sharp is still hard at work in promoting new Android devices with quite the innovative specs. The Aquos Phone Zeta SH-02E is the company’s new Japanese flagship phone and will hit the market on November 29.

Available for pre-order starting a couple of days ago at NTT DoCoMo, this big guy has been in the headlines lately mostly due to its display. And not just because the panel is pretty humongous (4.9-inches in diagonal), but also because it makes use of the new IGZO technology.

Short for indium gallium zinc oxide, that should take everything that is cool about LCD displays normally and improve it with a never before seen low power consumption. The display itself doesn’t sport the greatest resolution around (1,280 x 720 pixels), but it will definitely prove a crowd pleaser if it manages to stay sharp (pun intended) while saving up a bundle of energy.

Truth be told, we’re yet to take the SH-02E for a spin and see how everything plays out and, with the Asus Padfone 2 being the only other IGZO phone around, it might still be a while until we can replace the “shoulds” and “coulds” with more definitive terms.

Other than the IGZO screen, Sharp’s new handheld is not awfully special, but it does come with decent specs for a high-end phone, including a quad-core Snapdragon S4 Pro CPU, 2 GB of RAM, 32 GB of on-board storage, microSD support, a 16 MP rear-facing camera, Android 4.0 ICS, and a 2,320 mAh battery. Okay, scratch that, that’s more than decent, except for the running of Ice Cream Sandwich.

No words on pricing just yet, while a launch outside Japan has very slim chances of ever happening. Then again, who knows, this might just be Sharp’s ticket out of bankruptcy and its chance of making it big both in the East and West.