According to this article, Japanese telecom companny NTT DoCoMo has announced that it will launch its first GPS-compatible handset F661i at the end of April.
This is not like the GPS functionality that the US Phone companies introduced so far. In the US the GPS coordinates are only used for emergencies and not yet for actually providing value to the user in other situations. Uers of the F661i can send their current location to other i-mode enabled phones. In addition, a memo function allows users to store location information, including map, telephone numbers and addresses. The phone supports three applications of the GPS functionality:Link Discuss (via unwired list)