The Dell Venue is also known as the long rumored Dell Thunder. It's rockin' a 4.1 inch touchscreen, Android 2.2, and a 1Ghz processor. The phone comes in both AT&T and T-Mobile flavors in the United States, but neither carrier has elected to subsidize it.
Other specs include an 8 megapixel camera, 1GB of internal storage, 512MB of RAM, and more. The Venue launched with Froyo, but it's highly unlikely that it'll go any further than that.