So during last weeks saga with the iPhone 5, Sprint announced that on today they would be releasing the Galaxy Victory. It's a mid-range LTE device sporting a Snapdragon S4 lite MSM8960 running Dual Cores @ 1.2GHz each. It has a 2100mAh battery with expected call time of 7 hours and standby of 9 days. This little phone sports a 480 x 800 4" screen and weighs 4.9 ounces. The phone has 1GB RAM and 4GB of built-in Storage with expandability of up to a 32GB microSDHC card.
In addition, it has a 5 MP rear cam, and a 1.3 MP front cam. No specs for video recording are available from Sprint or Samsung.
This phone comes with ICS 4.0.4 out of the box. The Galaxy Victory has CDMA 800 & 1900 compatibility as well as LTE 1900MHz.
Edit: According to what I saw on phonescoop.com, the rear camera supports 720P HD Video recording.
Also, I forgot to mention: Bluetooth 4.0 and WiFi 802.11a/b/g/n support, as well as a dedicated camera shutter button on the right side of the phone and the power button on top.
(Photo Courtesy of Phonearena.com)