The Lenovo S2 is an Android 2.3 smartphone which was just announced during CES 2012. The specs of the Lenovo S2 include a Qualcomm Snapdragon dual core processor at 1.4GHz, a 3.8 inch display with a resolution of 800×480, two cameras (8MP and VGA cameras), 3G, WiFi, Micro USB, HDMI and a battery at 1500mAh.
There are two versions available, one of them of 8GB storage and 512MB of RAM, the other with 16GB storage and 1GB of RAM. The price of the phone in China is $400 right now and it will be launched worldwide soon.

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