LG has never been a company particularly well-known for its smartphones. And the occasional notoriety the company has received for its Android-powered hardware has rarely been positive. The original Ally, for example, despite its Iron Man-marketing and substantial launch hype, turned out to be an unremarkable, painfully slow phone. The next handset from LG to attract much attention (in the US, at least) was the G2X (or Optimus 2X, internationally). It too failed to gain much in the way of critical acclaim, and customers found the phone laden with major usability bugs.
Shortly after CES ended, we heard word of a new phone from LG that would be the first to sport NVIDIA's impressive new quad-core CPU, the Tegra 3. Other specs were rumored to include a 4.7" 1280x720 display, 16GB on-board storage (plus a microSD slot), a 2000mAh battery (!), an 8MP camera in the rear, and a 1.2MP front-facer.