Ailise posted a neat video on the forums here.
As you can see it’s got the updated SoM Mobile graphics and they look really nice. The controls seem pretty good too, nice touch controls on the ring menu though I kinda miss the items spinning. They do spin when you switch menus at least. Does it seem a bit laggy to anyone else though? It’s pretty cool looking until they end up hitting a cutscene and messing everything up! Apparently it’s supposed to be coming out in Japan around Christmas time. If this ends up coming out in the US soon I’m gonna have to get an iPhone just for this!
manaman from the forums linked me to this article about the game.
Shuu from the forums informed me this is an iPod Touch so the game will work on both iPhone and this.