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The news should be revealed to the public before the IFA electronics fair, scheduled for between August 31 and September 5, 2012.
Some specifications of the hybrid, which will be a smartphone, but also a tablet, are as follows:
5-inch screen with full HD resolution of 1024x768 pixels;
Qualcomm dual-core processor 1.5 GHz Snapdragom S4;
Android 4.0 Ice Cream Sandwich.
Perhaps the only negative is the absence awe of the newest version of Android. But as has not been confirmed (or denied) by LG, there may be some change in device settings.