It has an optical trackpad, QWERTY keyboard, a WebKit-based browser and a five megapixel camera. It also has inbuilt 3G / WiFi, and at least on the T-Mob version, UMA / WiFi calling and RIM's also tossing in 512MB of Flash memory as well as a microSD slot.
T-Mobile USA confirming that its version will hit on the 17th of next month for $129.99 on a two-year contract.