O2 is reportedly readying an Android update for its Dell Streak customers.

Unfortunately, this doesn't mean Froyo - it's simply a jump up to Éclair (2.1) - but it does mean;

720p video recording from the rear facing camera.

Native multi-touch support including gestures such as pinch-to-zoom.

Document editing via the QuickOffice application.

Support for live wallpapers.

Support for multiple mail accounts including Exchange email and contacts sync.

The news was broken over at The Really Mobile Project, who is reporting that the update could be rolling out as soon as 1 September.

There's no news for US Dell Streakers as to when AT&T might start updating the software on the other side of the pond just yet.