Whether this image is indeed the Motorola Olympus Tegra 2 smartphone remains to be seen, but apparently the image has been doing the rounds with a tipster claiming it is one of two “iPhone killer” Motorola Olympus Tegra 2 handsets.

The image comes our way courtesy of Thomas Ricker over at Engadget who says on first look the device appears to resemble the Motorola Defy, but the handset sports an elongated speaker atop the Motorola logo along with maybe a front facing camera and different volume controls.

Now we know a Motorola Olympus has been spotted with dual-band 802.11a/b/g/n WiFi and Bluetooth 2.1+EDR that has been confirmed by the WiFi Alliance and Bluetooth SIG, but that’s about all we know at this time.

So what do our readers reckon, could this indeed be the Motorola Olympus Tegra 2 smartphone making an appearance, and the old question of course is will it really be that “iPhone killer?”