The other day we reported
that because of speculation that the Android 3.0 build would require the inclusion of a dual-core handset, no current Android tablet would be able to use the new software. Luckily, the talk of such a hardware requirement for Honeycomb has turned out to be false. Google's Dan Morrill sent out a tweet that said that there is no minimum processor requirement for Honeycomb, and if there was one, he would know.
Owners of the Samsung Galaxy S can now un-clench and take a deep breath as it would seem apparent that there is nothing standing in the way of your device and Android 3.0.
(@morrildl) via AndroidandMe