Gingerbread (Android 2.3) is the follow up to Froyo (Android 2.2). Although a lot of phones are still waiting on Froyo updates (Sprint, are you listening?), the new Google Nexus S will have Gingerbread installed.
Support for VP8 and WebM video and audio effects. VP8 is Google’s video codec, support for front-facing cameras, SIP/VoIP and NFC (Near Field Communication), and new sensor types for game developers.
1 Ghz CPU
16GB flash memory
4 inch Super AMOLED that’s actually curved
5 megapixel camera and front facing VGA camera