LG recently began teasing a new smartphone that could very well make its debut during the Mobile World Congress trade show later this month. The device, dubbed the Optimus Vu, will offer a 5-inch display with a 4:3 aspect ratio, and rumor has it the phone will also come equipped with a 1.5GHz Qualcomm Snapdragon¬†processor, 8GB of storage, support for NFC, 1GB of RAM and an 8-megapixel camera. Unfortunately, the Optimus Vu will reportedly run Android 2.3 Gingerbread instead of the latest Android 4.0 (Ice Cream Sandwich) operating system. So far we’re not seeing a whole lot to be excited about other than the massive screen, since most of the specs are similar to what we’ve already seen in the LG Optimus LTE phone. We expect LG will have more surprises up its sleeve during the show, however.