Nokia again faces make-or-break point with new Lumia phones

You can call it the "Nokia comeback story," take two.

That will likely be the theme again as Nokia and Microsoft host an event in New York on Wednesday to unveil the latest Lumia smartphones, now running on Windows Phone 8. Leaks of the purported phones have already appeared, and CNET will be there to cover the official announcement.

There is an overwhelming sense of deja vu in discussing Nokia's prospects. Last year's debut of the Lumia 800 and Lumia 710 -- the company's first Windows Phone handsets -- was supposed to be the flailing company's turning point. Supposedly further accelerating the comeback was the LTE-enabled Lumia 900, which got the benefit of a splashy launch this past January at the Consumer Electronics Show, and a big push by AT&T when it hit store shelves in April.