[box_light]UPDATE: a new press shot of the 5-inch HTC phone has leaked, revealing the possible name of the GSM version of the device.[/box_light]

It turns out that the HTC 6435LVW is everything we were hoping for. A reliable source has confirmed that the devices does feature a 5-inch 1080p HD display and is nearly identical to the mysterious black HTC device we’re already seen. Our source has confirmed a 480ppi display, quad-core Snapdragon S4, 1.5GB of RAM and 16GB of internal storage. He also points out that there is a second notification LED for calls/missed alerts/charging on the back of the device near the camera.

Currently, the device is being referred to as the HTC DLX (Deluxe), but the name is still up in the air. Our source believes that the HTC phablet will be marketed under the DROID name due to the “red techno” background and an unmistakable robotic “DROID” notification sound.

While a 5-inch phablet from HTC would need active pen input to directly compete with the upcoming Samsung Galaxy Note II, our source was not able to get the HTC Scribe pen from the Flyer to work with the device. It could be that the software has not yet been enabled, but we’re doubtful that the HTC DLX will feature active pen support. HTC has also decided not to equip the HTC DLX with a microSD card slot for external storage and the battery is said to be non-removable. This news will certainly be a disappointment to many.

Our source has been reliable in the past, but some of the details he has presented so not directly match up with previous rumors about the HTC 6435LVW. Benchmark scores have shown the HTC 6435LVW is powered by a dual-core Qualcomm MSM8960 Snapdragon S4 with a 1794 x 1080 display featuring a pixel density of 418ppi.

As of now, the HTC DLX (HTC Deluxe) is the device I am most excited about. The HTC One X+ with an NVIDIA Tegra 3 Plus will certainly make a lot of people happy, but the prospect of having a phone with Qaulcomm’s quad-core Snapdragon S4 with a 5-inch 1080p display is too compelling to overlook.