Similar to the Ally, the LG Axis features a 3.2” WVGA (480 x 800) capacitive display with support for 262k colors, landscape sliding keyboard, Wi-Fi, GPS, Bluetooth, and a 3.2-megapixel auto-focus camera.
With more and more devices shipping with Android 2.2 Froyo, it's a step backwards with the LG Axis because it's running Android 2.1. Although it won't matter to some people, it's just rather difficult seeing devices come out with older builds of Android when Gingerbread is the latest one out of the gates.
Nevertheless, the handset should prove to be a decent addition to Alltel's Android lineup.
source: LG via Mobileburn