The E63 was set to be launched and announced in the next set of E-series devices. But many of its pictures and information has already leaked. This leaked information suggests that it will be a E71 look-alike except that it won’t have those lovely metal finishing. Other than that it will be fully made of plastic making it look cheap when put aside the E71.
Here is a comparison of both the E63 and E71 side by side (picture courtesy of gsmarena).

The features too have been cut down from E71 with a 2 MP camera, QVGA 256k screen, HSDPA, Wi-fi and the others. It also runs on the older symbian 9.1 platform. It will be priced much lesser than E71 and will come in several variants including one without camera.
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