The Motorola Olympus, as expected, will indeed be powered by a dual-core 1GHz Tegra 2 processor and will feature a 4 or 4.1 inch screen with greater resolution than what has been shipped on the manufacturer's most recent phones. While there is some hope that we could see this model in time for the upcoming holiday season, it seems more likely that a Q1 release will take place with AT&T getting the first shot at offering this model, followed by the launch of a Verizon branded model, and then possibly Sprint and T-Mobile will have a turn as well.
Originally, the Motorola Olympus was pegged to be the first dual-core handset to be made available with the Android Gingerbread OS, but now that honor seems reserved for that high-end handset that LG is making for Verizon, which we told you about yesterday. Those with information about the Olympus say that it is being tested with Android 2.2 on-board.
source: BGR via AndroidandMe