Source: http://gizmodo.com/5556952/motorola-milestone-xt720-has-8mp-camera-with-xenon-flash
It'll be running Android 2.1 without MOTOBLUR, and will go on sale in Europe this quarter, and if the demand is there it'll launch in the US later. You may've clocked by the photos here that it's that phone that leaked earlier in the year with the massive tumor on the right-side.
Specs include a 1390 mAh battery, that 8MP camera with Xenon flash, 10x digital zoom, auto focus and smile and face detection. It shoots video in 720p, and has Bluetooth, Wi-Fi, and GPS. There's also a mini HDMI port for connecting to TVs.
The screen is a 3.7-inch WVGA capacitive touchscreen with 480 X 854 resolution, and there's just 512MB ROM though it comes with an 8GB microSD card. It weighs 160 grams, and measures 60.9 x 115.95 x 10.9mm.
All in all, it's not a bad Android device, with a pretty decent-sounding camera. Perhaps most notable is that it'll ship without MOTOBLUR, with Motorola's Marketing Director Tom Satchwell commenting that "we chose to focus on power-users" when asked about the lack of MOTOBLUR. [Motorola]