Acer have officially announced their latest Android smartphone, the Acer Stream, a Nexus One rivalling Android 2.1 Eclair device with a 3.7-inch AMOLED touchscreen. The Stream is based around Qualcomm's 1GHz Snapdragon processor, along with 512MB of RAM and 2GB of internal storage, and has HSDPA, WiFi b/g/n and Bluetooth.
There's also GPS, a 5-megapixel camera that can apparently capture 720p HD video and a microSD card slot. Acer have also customized the standard Android UI, adding various spinning panels, app history shortcuts and other tweaks, but the most interesting addition is UPnP and DLNA streaming media support, just like their new LumiRead ereader.
Update: Video demo after the cut