Virgin Mobile USA has announced its latest handset for 2008, the UTStarcom Arc. A flip phone outlined with stylish curves, the Arc is finished in a red soft-feel. The affordable Arc includes Bluetooth, VGA camera, mobile Web, IM and e-mail.

According to Virgin Mobile’s statement, the Arc “was designed for consumers who want a phone for what it does best—making and receiving calls and instant messages” at an affordable price.

The handset is available immediately for $50.