A while ago all the sneaker forums and blogs were buzzing over the phone pictures of the upcoming Nike Air Penny II (2) and Nike Air Penny III (3), but now quality pictures of the Air Penny II (2) [Black/Varsity Red-Maiz] have surfaced. The sneaker features a black suede upper with hints of red, a white rubber mid-sole, and the side panels & tongue sports a yellow Penny Hardaway logo. The sneaker is scheduled to drop in the Spring of 2009, but a pair seem to have leaked onto eBay. More pictures after the jump.