After years of misguided and wasted technological advancement, someone has finally done what America has been openly yearning for since 1946: given us two-way radio wristwatches.

Sleuthed out from its Korean site, LG Group inadvertently announced the forthcoming release of its GD910 wristwatch/phone to the English speaking world before its expected debut at the Consumer Electronics Show in January. The watch is reported to support 3G; have a front-facing camera for video phone calls; HSDPA; some kind of music player; and, best of all Speech Heads, speech-to-text, text-to-speech, and voice dialing with speech recognition!

The phone fulfills that far-off dream that Chester Gould first imagined for us in his daily Dick Tracy strip, long, long ago. Now we, like Tracy, may video chat with the chief from anywhere the case might take us—even well out of our jurisdiction. Jumpin’ extra-legal authority!

“But wait,” you say. 1946 was real far back, fashions have changed and well…you don’t want to look like some chump having to Tracy your watch up to your face. Fear not, Gentle Readers. LG has thought of everything. The whole thing is Bluetooth enabled, allowing you to instead clip a head set to your ear and look like that cyborg guy from The Empire Strikes Back.

The watch seems to be the final version of the concept phone that LG trumpeted at the Mobile World Congress in 2008, but claimed would not be released—being just a demonstration of how small mobile technology could get in LG’s industrious little hands. Nevertheless, the GD-910 is soon to be ours.

And who better to bring us this watch than LG? My extensive research indicates that LG or Lucky Goldstar actually came into being when Goldstar (the first S. Korean radio manufacturer) and Lucky (a major power in the S. Korean toothpaste and soap industry) merged together. Given that, it doesn’t seem like there’s a better company out there to marry all sorts disparate of functionalities together.

O’ Dear Readers, even in this recession things are getting sweeter.< ><–>