Though it’s still viewed as a somewhat exotic name by many tech enthusiasts in the West, Xiaomi is definitely making waves in its native land of China. After selling 3.5 million units of its first ever Android phone, the MI-One, in less than a year, the company is driving people nuts with the second gen Mi-Two and MI-One S phones.

The first 200,000 MI-One S units got sold out in about half an hour, and, while we don’t even want to think at the demand for the Snapdragon S4 Pro-powered Mi-Two that will go on sale “by the end of the month”, the MI-One S Youth Edition is currently teased.

The student-targeted handheld should go on sale on October 23, and with only 450,000 units being prepared for launch, you might want to hurry up, pre-order and reserve your place in front of the line.

There is a catch though, because the new phone doesn’t yet have a full spec sheet. Instead, Xiaomi is doing everything in its power to increase the hype, asking people to guess what features will the device come with.

A 1.5 GHz dual-core processor, 1 GB of RAM, an 8 MP rear-facing shooter and a 2 MP front-facing camera are people’s preferences at the moment. And it figures, because those are the top choices of the polls, and who would want to choose anything less than the best for his or hers phone?

Then again, there is a good possibility that those specs will prove to be more than wishful thinking, considering that the standard MI-One S is powered by a dual-core 1.7 GHz CPU while featuring 1 GB of RAM and dual 8 MP/2 MP cameras.

What we do know for sure about the “Youth Edition” is that it will come with a 1,930 mAh battery, run the ICS-based MIUI V4 OS and cost RMB 1,299 (around $205). Any takers already? Or would you rather wait and see the spec sheet, even at the risk of stocks being exhausted by then?