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The Zenfone 2 was notable for a number of reasons. With 4 GB of RAM and a low price of admission (US$299), it was a cheap and powerful handset. The design was a tad boring, and the display could have been better, but with a 64-bit CPU and fast-charging, the Zenfone 2 was a great mid-range offering.
The Zenfone 2 was introduced at CES 2015, but its successor was missing from the 2016 show. The latest rumorssuggest that two versions of the device are in the works, a smaller, higher-powered device, and a cheaper 5.9-inch device.
If Asus does include a 1080p display on one of the Zenfone 3 models, while keeping the price low, it could be a superb smartphone.
Approximate release date: Q2 2016 
The Zenfone 2 got a lot of things right for a low-cost handset. 
Those are the devices that we're looking forward to right now, but we'll add to the list as we edge closer to the release dates of others. Let us know in the comments what phone you're most excited about in 2016. 
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