We've been hearing rumors of the new Pearl's GPS and WiFi [1] capabilities for a while now; at last, we seem to have confirmation that both rumors are true. There's a catch, however: the two are mutually exclusive. BlackBerry fan site Pinstack got some hands on time with one of the new Pearl 2 units and reports that two models of the 8120 will be produced--one with WiFi and one with GPS. That means that carriers will likely be forced to decide which model to carry. Apart from that gut-wrenching decision, however, things are looking pretty keen, with an improved version of SureType, a revamped email display, a new keyboard layout and a 3.5mm headphone jack all set to arrive with the radically thinner Pearl [2]. No official word yet on a release date or pricing, though Sprint is rumored to be releasing the GPS-equipped version during Thanksgiving week.

For more on the new Pearl and lots of photos:
- see this thread from the Pinstack forums [3]