HTC is preparing its second Android smartphone, the Magic, which is also known as the G2, succeding the G1. The G2 Magic will probably be released by T-Mobile in the US and Vodafone in Europe. According to BGR, the HTC Magic will have a 3.2 Megapixel camera, WiFi, GPS and support for HSPA high speed network. The phone will be loaded with Android Cupcake.
Update: The HTC Magic G2 is now official.