Nike continues to progress nicely with Penny Hardaway's fifth signature sneaker. Earlier in the month, SneakerWatch brought you a look at this brand new colorway of the Air Penny 5 which came in the form of this "Memphis" edition. The design was created in honor of Hardaway's time spent at the University of Memphis where he was a standout athlete. As previously described, the sneaker features a Royal Blue upper accents with black shades and finished off with a detailed white midsole, adding some flare to the design. They're set to drop in late January so for those who've been feeling the fifth installment to Penny Hardaway's footwear line. Check out these updated images courtesy of Sole Awesome in the meantime and let us know if these are on your list of kicks to cop in the new year.