Not long ago, Sony Ericsson announced the Sony Live with Walkman, an Android-powered Walkman phone. Now, Sony themselves are trying to bring back the Walkman brand with their Android-powered Walkman Z.

The Walkman Z will run Android 2.3 (Gingerbread). It will come available in 3 sizes: 16GB, 32GB, and 64GB. The Walkman Z features a 4.3-inch WVGA display, 1GHz dual-core, Tegra 2 processor, 512MB of RAM, Wi-Fi, Bluetooth, HDMI-out, DLNA, FM Radio, and more. The Walkman Z will be available in Japan and will cost ﻿¥28,000, ¥33,000, and ¥43,000 for the 16GB, 32GB, and 64GB versions, respectively. When converted to U.S. dollars, the price comes out to $363-$559, depending on which model you get.

Don’t be alarmed by the high prices. If the Walkman Z does end up coming state-side, it will probably end up costing much less than the Japanese prices.

The Walkman Z will be available in Red and Blue.

Source: Sony | Press Release (Japanese) via TIMN