After months of speculation, anticipation and hype, OnePlus finally announced its smartphone. And boy, does it look hot. On the specs side, it boasts a 5.5-inch, 1920×1080 full HD display with a pixel density of 401ppi. Powering that awesome display is a Snapdragon 801 quad-core processor clocked to 2.5GHz, and 3GB RAM as well as an Adreno 330, 578MHz graphics processing unit and a non-removable 3,100mAh battery. It also features a 13MP Sony Exmor camera system, with 6 lenses, f/2.0 aperture and a Dual-LED flash. Add that to the 4K resolution video recording, with slow motion 720p video at 120fps and a 5MP front facing camera, and you have what looks like a mean piece of kit. When launched it’ll be available in 16GB and 32GB flavors.

Its design is reminiscent of the recent Nexus devices, with a solid unibody plastic body and a beautiful, seamless front face dominated by a large, crystal clear display. Of course, the big talking point here for Android nerds – and I mean that affectionately – is that it’s been built in conjunction with Cyanogen and runs CyanogenMod 11S based on Android 4.4 KitKat.

CyanogenMod 11S reveals the first phase of a unique visual experience blending the best of Android with the freedom CyanogenMod is known for. Unlike most OEM skins, there are no limits to customizing your One – mix and match thousands of themes or return to stock with the new theme engine and store.

Pricing and availability is pretty spectacular too. Although its specs are mean enough to compete with the likes of the HTC One M8 and Galaxy S5, it’s been priced more in line with Nexus devices. The 16GB “Silk White” model will be available for $299, with the “Sandstone Black” 64GB model only costing $50 more. Early adopters will get a chance to win one from April 25th. Release of the device is slated for Q2.

Perhaps of more importance to T-Mo fans is that it supports a good number of worldwide GSM bands for 3G/HSPA/LTE. Sadly, for those looking towards Magenta’s release of 700MHz LTE (band 12) networks, it won’t support those. Supported bands below:

WCDMA: Bands 1/2/4/5/8
LTE: Bands 1/3/4/7/17/38/40

It’s pretty certain that T-Mobile – or any other U.S carrier for that matter – won’t be stocking it officially. So, if you want one, stay tuned for launch on OnePlus.net.