CTIA Wireless 2004
The FasTap concept is better explained with pictures than words, so check out the photos - it's pretty self-explanatory. What's new is that LG and Telus (a Candian carrier) have agreed to bring an actual phone to market using this keypad design. It will be the first in the world.
The LG phone shown here is a modified 5450 for demonstration puposes only. The final LG phone will be very similar, but technically a different model.
The keypad has a great feel to it, and is extremely easy and intuitive to use. If you want fast text entry without sacrificing size, this is definitely the way to go.