Update: Samsung Galaxy S2 has been announced with full specifications and features.

Specification and pictures of the Galaxy S2 – the next generation of Samsung’s Galaxy S smartphone has started circulating. The rumoured device is supposed to be running on Android 2.3 “Gingerbread.”

Here are the specifications:

4.3-inch (800 x 480) Super AMOLED Plus touchscreen

2 GHz processor

1GB of RAM

32GB of built-in flash memory and that’s expandable upto 64GB with a 32GB microSD card

8-megapixel camera with autofocus and full HD (1920×1080) video recording

NFC, A-GPS, b/g/n Wi-Fi, Bluetooth 3.0, accelerometer, proximity/ambient light sensors and a 3.5-mm audio jack.

It is supposedly scheduled for release sometime in early 2011.