I’m a little embarrassed to admit it now, but I was somewhat intrigued when word first hit last week that musician Will.i.am was planning on launching a new accessory for the iPhone. But The Telegraph has the first look at the i.am+ – and I am not exactly impressed.

Launching Dec. 6 in the U.K. only, there will be two models designed only for the iPhone 4/4S.

First up, the white V.4 “vintage” model is adorned with subtle gold trim and adds a full slide-out keyboard. It will retail for around $477. The C.4 “modern” model is around $319 and looks a little better (not by much though.)

Both models include standard, fish-eye, wide-angle, and zoom lenses and a separate flash. A companion app will turn the accessory into what the Grammy winner says is a “social photo experience.” He’s apparently never heard of Instagram.

And just as a reminder, a consumer could easily go out and purchase a new on-contract iPhone 5 in the country for more than $100 less than either version of this accessory.

The "modern" model looks a little more respectable.

The “modern” model looks a little more respectable.

And if you’re wondering where the iPhone 5 version is that will totally replace the 8-megapixel camera with a whole new DSLR-quality sensor and flash, keep on hoping. That edition won’t ship until “sometime next year.” Just in time for the iPhone 5S, I’m assuming.

Are any of our U.K. readers planning to hit up London’s Selfridges to purchase one of these overpriced monstrosities?

Source: The Telegraph