The rumored LG G Note is supposed to be a beast of a phone, packing high-end hardware and armed with a fancy new stylus to take on Samsung’s Galaxy Note series. Instead, it turns out the company may be planning more of a midrange device, according to a new report from Android Headlines.

The Android-focused blog claims that the G Note, apparently code-named “LG Leopard,” will pack a Snapdragon 610 instead of the latest from Qualcomm’s 800 series. That suggests more of a budget-friendly device with a price closer to $300 off contract. The same source adds that the device will come equipped with a 5.8-inch display and a stylus.

Android Headlines also points to a newly leaked photo (above), which it claims is the LG Leopard. It’s the same prototype we saw last month, though at the time we assumed it was the upcoming G4. We’re still not convinced it’s the rumored G Note, though we’re not ruling it out either.

Based on Wednesday’s report, we’re not really sure what to expect from LG’s upcoming phablet. A cheaper mid-range device could help the company undercut Samsung, but it might also flop facing off against a more powerful rival. We hope the G Note can still pack a punch, even if it doesn’t offer all the latest hardware.