According to Korean Newspaper Maeil Business, Samsung is gearing up for the release of the S-Cloud along side the Galaxy S III next month at it’s press event in London. The Korean Giant will offer unlimited service with less of the content restrictions of iCloud. It will also reportedly come with a VOD store with access to TV Shows and Music, featuring both free and paid content. Storage capacities are rumoured at 5GB or more. Speculations as to why there were delays to the release of the S-Cloud fixated around whether Samsung was having trouble finding a suitable server host, now it’s rumored that Samsung has teamed up with Microsoft to make the service available.

The Galaxy S III is rumored to feature a quad core 1.4Ghz processor, a 4.6″ Display at 720 x 1180 (320 ppi), 1GB of RAM, an 8 mega pixel camera and it’s rumored to run Android’s new Ice Cream Sandwich operating system. Along with those specs it is also rumored to feature a newer sleeker design. Time will tell whether or not these features come to fruition but they are highly rumored at this stage which points to a high likelihood of them being true.

Here’s a video leaked by Engadget overviewing a device rumored to be the Galaxy S III:

[Via Engadget 1, 2, The Verge, Cnet]