LG hints at the phone being a gaming platform too, and it features a gyroscope and accelerometer, but that will ultimately depend on offerings in the Android Marketplace.

LG claims the phone will be fast, with no lag when multitasking or switching screens--and although we'll have to see that to believe it, the inclusion of the Tegra 2 chip undoubtedly ticks the right boxes on paper.

A big question mark hovers over battery life, however. The Tegra 2 might work fine in tablets, but will the 1,500 mAh battery in the LG be able to cope with the demands of the GeForce graphics bolt-on? Nvidia will be watching anxiously.

The phone is a big announcement for LG, which hasn't exactly been at the cutting edge of the cell phone marketplace. However, LG appears to be ramping up its efforts; last week it .

However, crucial for the phone's success will be its U.S. release date. Being first to market with a dual-core phone will give it a head start because 2011 is gearing up to be the year of the smartphone, and technology has evolved to where the devices are both fast and inexpensive.