The specs share some features with the previous Neo1973 such as

* A very high resolution touch screen (1.7" x 2.27" - 43mm x 58mm) 480x640 pixels
* 128MB SDRAM memory to allow operation of many applications at once
* Internal GPS module for map and tracking programs
* Bluetooth for local data exchange
* Physical appearance will be the same as the Neo1973. See openmoko.com for more.

but will gain the additional features of

* 802.11 b/g WiFi for fast web browsing and data transfer
* A faster 400Mhz processor (up from 266MHz)
* A hardware Graphics Accelerator chip allowing the acceleration of a limited set of operations.
o Unfortunately, this is on a shared slow (7M/s) bus with the SD card.
* 2 3D accelerometers so that the phone can know its orientation for example switching to landscape mode automatically
* 2 LEDs illuminating the two buttons on the rim of the case (one bicolor [blue|orange] behind the power button, 1 unicolor [red] behind the aux button)
* Tri-band GSM and GPRS for North America (850/1800/1900 Mhz) and the rest of the world (900/1800/1900 Mhz)
* USB Host function with 500mA power allowing you to power USB devices for short periods (will drain the FreeRunner battery faster)

A full list of the hardware specs and components of the Neo FreeRunner (internal codename GTA02xxx) can be found here Neo FreeRunner GTA02 Hardware

A comparison between Neo 1973 and Neo FreeRunner is here: http://wiki.openmoko.org/wiki/Neo1973:_GTA01Bv4_versus_GTA02_comparison