A little light on the storage.
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This Windows Phone 7 handset will pack a 1 GHz Qualcomm processor with 512 MB of ROM and 8 GB of storage. It will have 576 MB of RAM (which seems overkill for a non-multitasker) and a 3.7" WVGA Super LCD screen. The camera is an 8 MP CMOS shooter with a Xenon flash and the battery is 1300 mAh. It will support UMTS/HSPA (2100/900) and GSM/GPRS/EDGE (850/900/1800/1900 MHz).
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8 GB of storage is pretty puny for a phone that is supposed to exist entirely without microSD support.