The P2 comes in four colors (black, blue, white & red) and comes in 2, 4, 8, and 16 GB variants; it has a touchscreen, Bluetooth 2.0 and DNSe 2.0, an FM radio, an eBook reader, a Datacasts feature, and a photo and video viewer.

Bluetooth features on the P2 include stereo headphone compatibility (A2DP) with support for multiple headphones and remote control (AVRCP), Bluetooth phone connectivity (HFP) with the ability to speak into the built-in microphone, and MTP capability allowing users to transfer files between devices supporting this protocol.

You can configure the main menu design, fonts, background images, beep sounds, brightness, language, time, hold option, sleep time, auto power-off, set a password, and reverting all changes back to the default and formatting the whole device.

A second Blue Wave update was released in late January 2008 which included FM radio recording/playback, improved touch sensitivity, and three games as an additional download.

This firmware update, however, was recalled from Samsung's download website soon after its release, due to numerous bug reports.

Improvements over the previous version included a calculator, more UCIs, a full-screen album art view, and the ability to play games while listening to music.

On May 29, 2008, the first 4th Blue wave beta (v5.05) was released in Korea along with a new program (EmoDio) to replace Samsung Media Studio.

This firmware update has been the biggest update for the P2 so far, containing password protection, subway maps of major cities, two new games, a touch-screen-only hold option, text viewing of TTS files using Emodio, voice recording, and 3 customizable user DNSes.

The P2 clearly being its flagship product, Samsung has released a new version of the P2 with an additional port at the top to connect to an antenna and watch TV.