This is a GSM Version of the popular Motorola Droid. It runs on android 2.0 and comes with the Market app pre-installed. The best part is that this version support WCDMA/900/2100, GSM 850/900/1800/1900, HSPA, GPRS Class 12, WiFi.
The rest of the specs are the same, it comes with a 5 MP auto focus camera, Dual LED flash, 802.11 b/g Wifi, aGPS, 3.5mm Headset Jack and bluetooth (Stereo Bluetooth® Technologie v2.1 + EDR. Profiles HFP, HSP, A2DP, AVRCP, OPP, PBAP). Supports the usual multi touch gestures.
Basically this is the MotoDroid, and the only difference is that it supports GSM carriers.
