Originally previewed in one of Nike’s catalogs over the summer and than again recently in it’s actual form at Sneaker Pimps, the Nike Air Max Penny 1 “Phoenix Suns” finally surfaces in detailed photos. And to go along with the new photos, the official release date many of you have been waiting for. Inspired by Penny’s days with the Phoenix Suns, the sneakers feature a black suede upper, various accents of club purple and a touch of bright mandarin on Penny’s signature logo across the heel. According to Eastbay, who provided us with these photos, the Nike Air Max Penny 1 “Phoenix Suns” will hit retailers on January 14th, 2011. Retail price will be $125.