The Nexus One smart phone released independently by Google.

Although many of us have yet to update to Android 2.2, it seems Google is increasing the pace of its smartphone and OS development, as a few days ago the search engine giant announced the follow-up to the critically acclaimed, yet poorly soled Nexus One. The upcoming Nexus Two is set to be officially announced on November 8th in NY’s Times Square where a grand unveiling media ceremony is set to take place.

Besides sporting some incredible specs, which will make it the most powerful and versatile Android based phone at present date, it will also be the first smartphone under which the new Android 2.3, dubbed “Cupcake”, will be released.

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How powerful you ask? Well, how does this sound: 5-inch AMOLED or Super AMOLED display, a 1.2 GHz processor, 5 MP external camera and 1.3 MP front-facing camera, WiFi, Bluetooth, 3.5 mm headset jack, as well as 16 GB of internal storage and 512 MB of RAM. Indeed, very impressive.

The Nexus two will be manufactured by Samsung, as opposed to the in-house built Nexus One. Samsung has a long history of Android support and development and, as such, looks like a perfect partner for Google. On the carrier side, most probably the Nexus Two will be released under T-Mobile, just as its predecessor model.