The company is Pilotfish, which unveiled the phone, called Ondo, on April 20, saying it would tap the “untested demand” for mobile music editing, reports Reuters.

Come on. Admit it. You didn’t even know there was a demand, tested or untested, for music editing on a cell phone.

Pilotfish claims the device will provide good quality recording of three separate sound tracks, and says it will initially target amateur musicians and music fans when the phone becomes a reality a few years down the road.

Tech Web site Register Hardware explains the phone comes with three “recording” sticks attached to the unit. Users will detach the sticks and then clip them to whatever or whomever they wish to record, such as drums, guitars and vocalists. A graphic equalizer is displayed on each stick’s OLED panel.

Is the world ready for twisted sound editing? Reuters says analysts were skeptical about a new device competing in a market dominated by international brands such as Apple and Nokia.

On the other hand, there was a time not too long ago when no one expected Apple to come up with a best-selling cell phone. Or, for that matter, any kind of cell phone.

Pilotfish says the new phone will be available in 2-3 years. In the meantime you’ll just have to edit your music the old-fashioned way with slider controls and meters.

Click here for the Reuters article.

Click here to see Ondo in action at Register Hardware.