Pretty good hardware, The ST-Ericsson U8500 smartphone platform.
http://www.youtube.com/watch?v=NtaR4fBoy6I&feature=channel
http://www.stericsson.com/platforms/U8500.jsp
The 3d graphics being shown in the video is the same demo'ed for OMAP
(i think TI had the same demo even for OMAP2420 for the mbx), the
samurai one. This platform has the ARM MALI graphics core.