A recently released video teaser of Samsung's Galaxy Note 2 confirmed to tech enthusiasts that the device is no more a rumor and will indeed be released at the IFA 2012 event in Berlin on Aug. 29.

With the IFA event at Berlin just round the corner, Samsung has released a video featuring film director Wim Wender saying, "all the things you can do in the blink of an eye and with such a small and light thing." The 38-second long video highlights the edge of the device with a silver trim and gives a sneak peek at the S-Pen. Even though the video does not exclusively confirm the name 'Galaxy Note 2', it makes phablet fans believe in the existence of the much-talked about device.

South Korean media reports indicate that the Galaxy Note 2 will sport a 5.5-inch display Super AMOLED screen with 1680x1050 pixel resolution. A more powerful quad-core Exynos processor, clocked at 1.6GHz, with 2GB of RAM will power the device. The phablet will have a 12-megapixel rear-facing camera with an enhanced sensor and will be boosted by an improved battery. Users will be hoping for the device to run on the latest Android Jelly Bean platform. The original Galaxy Note offers a 5.3-inch Super AMOLED HD display with a 16:10 screen ratio; for the latest Galaxy Note 2, Samsung may change this to 16:9 for the larger display.

With new Samsung devices ready to hit the shelves soon, it seems that the South Korean tech giant in on course to steal the thunder from its rivals. With Samsung's rivals gearing up for a smartphone showdown, the million-dollar question is whether the leading smartphone maker will make an impact on the market or fail the litmus test.