So the Nokia 1GHz featurefone was true.

Its sad that its a 999MHz ARM11 CPU = ~600MHz ARM Cortex A8 CPU.
GPU is same as with N8's so it's on-par with SGX535 (iPhone 3GS).
It's run on a limited 256MB RAM, stored on a 512MB NAND.
http://www.developer.nokia.com/Devic...fications/500/

All-in-all, its about as powerful as the Motorola Droid or (stock) Nokia N900 ... so this "smartphone" is ONLY one year and 10 months late!

Everyone check out the various advertisements on YouTube (from yesterday) about the Nokia 500:
http://talk.maemo.org/showthread.php?t=75383&page=2
http://www.youtube.com/watch?v=-YJdCO-F9Bc