LAS VEGAS — James Bond and Dick Tracy fans are likely to queue up for this soon. The new watch phone from LG is one of the coolest gadgets at the CES 2009 show.

At a press event today, LG USA President Michael Ahn showed a working demo of the device. It's a surprisingly slim watch that has a touchscreen phone, 3G and Bluetooth capabilities. It also has a camera that can take photos and small videos.

Worn on the wrist, the phone looks like any ordinary watch displaying the time but when a call comes in, the screen changes. Just raise your hand a little closer to your mouth, press a button and you can talk into the watch through the speakerphone capability.

The watch phone is expected to go into production mid-year though the company did not offer any details on pricing.

More pics of the watch phone and a video:

Here's a hands-on video with the phone:

https://www.youtube.com/watch?v=ua7nK91d3SM