Nexus One officially announced at Google press conference.
We all knew it was coming, and today Google made it official. Google worked closely with it’s partner, HTC, to develop what Google touts as “the next step in Android evolution.” While it still remains to be seen if this Android powered phone has what it takes to compete with Apple’s iPhone, one thing is certain, the hardware is sexy. The specs include a 3.7-inch AMOLED display, 1GHz Snapdragon processor, Compass, GPS, accelerometer, light and proximity sensor, five megapixel camera with LED flash, stereo bluetooth, and multi-color notification LED under the trackball. The phone is priced at $179 with a 2-year T-Mobile contract, or $529 to purchase it unlocked direct from Google.

Full Specs:
Size and weight
Height: 119mm
Width: 59.8mm
Depth: 11.5mm
Weight: 130 grams w/battery
100g w/o battery
Display
3.7-inch (diagonal) widescreen WVGA AMOLED touchscreen
800 x 480 pixels
100,000:1 typical contrast ratio
1ms typical response rate
Camera & Flash
5 megapixels
Autofocus from 6cm to infinity
2X digital zoom
LED flash
User can include location of photos from phone’s AGPS receiver
Video captured at 720×480 pixels at 20 frames per second or higher, depending on lighting conditions
Cellular & Wireless
UMTS Band 1/4/8 (2100/AWS/900)
HSDPA 7.2Mbps
HSUPA 2Mbps
GSM/EDGE (850, 900, 1800, 1900 MHz)
Wi-Fi (802.11b/g/n)
Bluetooth 2.1 + EDR
A2DP stereo Bluetooth
Power and battery
Removable 1400 mAH battery
Charges at 480mA from USB, at 980mA from supplied charger
Talk time: Up to 10 hours on 2G
Up to 7 hours on 3G
Standby time: Up to 290 hours on 2G Up to 250 hours on 3G Internet use
Up to 5 hours on 3G
Up to 6.5 hours on Wi-Fi
Video playback: Up to 7 hours
Audio playback: Up to 20 hours
Processor
Qualcomm QSD 8250 1 GHz
Operating system: Android Mobile Technology Platform 2.1 (Eclair)
Capacity: 512MB Flash + 512MB RAM
4GB Micro SD Card (Expandable to 32 GB)
Assisted global positioning system (AGPS) receiver
Cell tower and Wi-Fi positioning
Digital compass
Accelerometer