It's actually a Kyocera Rise
. Slide out QWERTY keyboard, ICS, 1 Ghz processor, 512MB memory, 938MB available storage, microSD slot (2GB card included), 3.5" screen, 320x480 resolution, 3MP camera w/ flash. So, specs are about the same as the Optimus Elite but with a slide out keyboard. My guess is that it will cost between $150 (O Elite) and $199 (One V) -- likely closer to $199.