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Acer officially announced the smartphone stream with an 3.7 inch AMOLED with WVGA resolution.
The stream comes with Android 2.1 and sporting a respectable 1GHz Qualcomm Snapdragon processor, this phone will have 512MB of RAM and an impressive 2GB of onboard storage.
Acer about the AMOLED Display:

Acer introduce their first smartphone with an 3.7 inch AMOLED Touchscreen.

The Stream features Qualcomm’s 1GHz Snapdragon processor, along with 512MB of RAM and 2GB of internal storage, and has HSDPA, WiFi b/g/n and Bluetooth and Android 2.1

There’s also GPS, a 5-megapixel camera that can apparently capture 720p HD video and a microSD card slot.

Source: news.cnet