For those who don’t remember, the Lumia 520 was announced by Nokia a few weeks back in Barcelona during the Mobile World Congress. It, along with the Lumia 720 , represents the completion of Nokia’s “range” of Lumias.

Our Nokia Lumia 520 just showed up on our door steps today, so we figured we’d share the news with the largest Windows Phone audience in the world.

The Lumia 520 is being billed as the most cost-effective Windows Phone yet, with an estimated price of less than $200 (current prices are slightly north of that, around $230). Featuring a 4” IPS LCD display (with Super Sensitive Touch), a 1GHz Dual-core Snapdragon, 512MB of RAM, 8GB of internal storage (expandable with microSD), a 1430mAh battery and a 5MP rear camera (none for the front), the Lumia 520 packs quite a bit into a light (124 grams) body for an affordable price.

While the 520 won’t be exciting for our more high-end audience, the phone is important to growing the Windows Phone ecosystem, especially in emerging markets and for the common person who doesn’t give much thought about smartphones.

We’ll have a full review in the coming days and for now, you can look at some photos and our video walkthrough of the unboxing and OS in action.