Acer, fresh from its launch of the LumiRead, has unveiled a powerful smartphone, with an impressive enough spec to make the likes of HTC and Samsung sit up and take notice. The Acer Stream runs Android 2.1 and, like the HTC Desire, has a 3.7-inch AMOLED touchscreen.

The screen is capable of displaying 1.67 million colours with a contrast ratio of 2000:1. Connectivity is covered by HSDPA 7.2 3G, Wi-Fi, Bluetooth and there's also GPS on board so you'll be able to geotag your pictures and tweets.

Talking of pictures, they should be pretty good as there's a 5-megapixel camera included and you can also shoot 720p HD video which you can watch back on your TV via the HDMI connection.

It's all powered by a nippy 1GHz Qualcomm Snapdragon chip and there's a hefty 512MB of RAM on board. Memory is 2GB internal, but this can be added to by using a microSD card of up to 32GB. Acer is saying that there should be an 8GB card bundled with the phone to get you started.

No doubt the various networks will be announcing details of this phone's price and availability over the next few weeks, so keep an eye on Pocket-lint for any updates.

Will the Stream break into the exclusive top level of handsets? Let us know what you think, and whether you'll consider getting one.