An as yet unannounced HTC phone for the Chinese market has found its way onto Taiwanese forum ePrice. The T328w is said to launch as the "HTC Wind", offering mid-range hardware and dual-SIM support. This is a feature which is particularly useful in developing countries, as users often move in and out of different networks' coverage areas.
Internally, you've got respectable list of specs -- a 1GHz single-core CPU, 512MB of RAM, a 4-inch Super LCD WVGA screen and a 5MP rear camera with LED flash. On the software side, the Wind delivers Android 4.0 Ice Cream Sandwich and version "4a" of HTC Sense -- presumably some derivative of what's launching on the One X and One S in the weeks ahead.
Price-wise, you're looking at 1999 Chinese yuan, which is around $315, so you're getting a reasonable amount of smartphone for your money. It's unlikely we'll see this device launched in the U.S. or internationally, though the Wind's 900/2100MHz HSPA bands mean it'd work in Europe. In any case, the HTC Wind looks like a solid budget smartphone.