As you may already know, the LG Ally has gotten official words from LG that it will be released by Verizon.  The exact date is still unknown, I am guessing around the same time when the Iron Man 2 is in the theaters. (may 20th)

what we do know are the specs for LG Ally. The LG Ally is a touchscreen handset with a full QWERTY keyboard and an Augmented Reality app. LG didn't announce its specs, but the phone should come with Android 2.1, a WVGA display, 1GHz Snapdragon processor, Wi-Fi, GPS, and a 5MP camera.

We will keep you posted.