How can Microsoft stay quite when Apple, Google, Sony and many more are already competing in smart phone race. “Microsoft Phone” was rumored months back and going around for so long, it felt like a rumor that would never die, but now it seems that live pictures of such a phone (from Microsoft’s Project Pink) have surfaced, and it’s apparently the Sidekick-like Pure that was mentioned sometime back. This phone will be available at Verizon Wireless, and despite looking like it’s running Windows Phone 7, it’s not powered by Microsoft’s latest mobile OS. There is a download screen for new apps. Would the release of a Microsoft phone change the market, or will it just be a lot of fanfare without much result? A leaked firmware has also been uncovered, and the icons have been pulled from it. Check out the icons after the jump.