The new phone, which is expected be be unveiled next week, has a 4.65" display with 1280×720 resolution, a 5MP camera, 1 GB of system RAM and 32 GB of built-in user memory. The dual-core processor is running 1.2 GHz or 1.5 GHz (according to what source one listen to). Reports claims that it is an LTE (Long Term Evolution) phone, and that it will be available only through Verizon, at least initially.
The Nexus Prime will probably be called Droid Prime when it is sold by Verizon. AT&T is also working on it's LTE network, but the two carriers use different frquencies, so they are not compatible with each other. The question is how the Nexus Prime will work overseas, where LTE networks are also being built right now, using different frequencies. Some reports say that Nexus Prime will support HSPA or HSPA+, but what about GSM/3G support, for fallback internationally? And will there be quad-band GSM support? Hopefully those questions will be answered next week.