Today Acer officially announced their latest Android handset, the Stream (coz a whole lotta Liquid makes a Stream).
The device will rock Android 2.1 UI atop a 1GHz Snapdragon processor, a 3.7″ 800×480 AMOLED screen, 5MP camera with 720p video, 512MB RAM, 2GB on-board storage (+ an 8GB MicroSD card), and the usual connectivity options (ie WiFi b/g/n, Bluetooth, HSDPA, GPS).
So, yeah, pretty much the standard “high-end” Android device.