Good news for all the videogamers out there who want to play games even when holding nothing more than a cell phone.

Nokia Corp. is ramping up its push into videogames on mobile phones, underscoring efforts by the world’s largest cellphone maker to move into adjacent businesses, as reported by WSJ here.

It plans to launch a phone this summer that is enhanced for users who want to play videogames, say people familiar with the plans. The device will look similar to the company’s other high-end phones but will have game keys, among other features to make it more fun to play.

Remeber N-Gage? That clunky gadget was a disaster for Nokia (they stopped selling it in second half of 2006) so they should be more careful this time around. Nokia is also trying to provide for navigation system features in phones (6110 Navigator).

Nokia stated that it will launch a service which lets user download games on their phones this September. Only N95 and N73 are designed to work with this service.

One challenge for Nokia and others is a short-age of high-quality videogames for cell phones. There is not a whole lot of interesting games from game companies for cell phones. Nokia is working with two of the largest game publishers focused on the mobile market, Electronic Arts and Gameloft SA.