Here's the official blurb:
The Raspberry Pi is a single-board computer developed in the UK by the Raspberry Pi Foundation with the intention of stimulating the teaching of basic computer science in schools.
The design is based on a Broadcom BCM2835 system on a chip, which includes an ARM1176JZF-S 700 MHz processor, VideoCore IV GPU, and 256 megabytes of RAM. The design does not include a built-in hard disk or solid-state drive, instead relying on an SD card for booting the Linux operating System and long-term storage.
The Foundation plans to support Fedora Linux as the initial system software package/distribution, with support for Debian and Arch Linux as well. Also planned are tools for supporting Python as the main programming language, with support for BBC BASIC (as "Brandy Basic", the BBC BASIC clone), and Perl.
Raspberry Pi Linux Specs
- SoC Broadcom BCM2835 (CPU, GPU, DSP, and SDRAM)
- CPU: 700 MHz ARM1176JZF-S core (ARM11 family)
- GPU: Broadcom VideoCore IV, OpenGL ES 2.0, 1080p30 h.264/MPEG-4 AVC high-profile decoder
- Memory (SDRAM): 256 Megabytes (MiB)
- Video outputs: Composite RCA, HDMI
- Audio outputs: 3.5 mm jack, HDMI
- Onboard storage: SD, MMC, SDIO card slot
- 10/100 Ethernet RJ45 onboard network
- Storage via SD/ MMC/ SDIO card slot.