5-inch HTC phablet tipped to be Droid Incredible X

Move over Samsung and LG, there's new evidence that HTC may be readying a "phablet" of its own for Verizon.

According to a trusted insider close to HTC Source, the smartphone is slated to boast a 5-inch 1080p HD display with a screen resolution of 1794 x 1080 and a ludicrous 480 pixels per inch (ppi). Inside it will run Android 4.1 Jelly Bean and boast other top features.

Before going any further, I have to address the handset's name, which is reported to be DIx, which is short for Droid Incredible X. That makes sense when you consider the black and red color scheme that has long been a hallmark of past HTC Droid models.

Getting back to specs, HTC Source advises that the DIx will come with a quad-core Snapdragon S4 processor, 1.5GB RAM, and 16GB internal storage. Like its 2012 brethren, it will eschew the removable battery and microSD expansion in favor of a slim and sexy design. Additional details for the smartphone are said to include a rear notification LED for charging, messages, and calls.

As to whether this competes directly with the Samsung Galaxy Note 2 and LG Intuition, things are not so clear. The source of this new information tells us that the DIx did not support the Scribe stylus that came with the HTC Flyer, positing that the feature may not have been enabled. HTC Source, on the other hand, thinks this may just be a simply massive phone experience.

With HTC set to make some noise in New York on Wednesday, this is one handset that could certainly steal the show. Look for CNET's coverage on the HTC press event and check back for initial impressions.