LG has official announced the LG Optimus 3D and it’s a doozie. This phone is a 3D-capable smartphone with a Texas Intruments 1GHz dual-core OMAP4 processor, a 5-megalixel dual-lens camera for 3D video and photo capture, and it’s got a 4.3-inch WVGA touchscreen display. On this screen you can view 2d (up to 1080p) and 3D (up to 720p) content all day long. We got our hands on one of these lovely phones here at Mobile World Congress 2011 and we’re just a-rarin to show it to you in action.

As you’ll see in the video, this phone is not only prepared to display 3D video and photos, it’s ready to help you create the media you’ll end up using with the device. In their presentation with Texas Instruments today, the LG Optimus 3D was described in the way of “Me-D”, a way of thinking about the social implications of 3D technology – they’ve decided that there’s not enough 3D material in the world right now to create a device around it, but in giving the capability to create 3D material to the user, the possibilities are endless!

LG says the’ve worked on this particular device (the LG Optimus 3D) hand in hand with the likes of YouTube and Texas Instruments engineers to create a device that’s made to be a social device as much as it is a 3D device. We love the concept, and the phone is impressive, but we’re not entirely sold on the idea that this almost dizzying experience is the way of the future. Have a look at the video and see what we mean:

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Then have a peek at the following gallery of hands-on pictures to see a phone with dual-wielding cameras and all the processor power your heart could ever desire. Again, the 3D display is extremely difficult to capture through any camera you’re going to film it with, but to the naked eye it looks very… odd. It’s almost unsettling, if not dizzying.

Then finally check out the press release sent out today:

Breakthrough smartphone brings together high performance with full 3D experience
Barcelona, Feb. 14, 2011 – LG Electronics (LG) today officially unveiled the eagerly- awaited LG Optimus 3D, the high-performance smartphone offering the world’s first full 3D experience, at Mobile World Congress 2011,
The LG Optimus 3D introduces a number of innovative “first” technologies, including the world’s first dual-core, dual-channel and dual-memory architecture as well as the first 3D platform allowing for recording, viewing and sharing of 3D content.
Superb Performance with Unique “Tri-Dual” Configuration
The LG Optimus 3D is a showcase of superior speed and power made possible with LG’s unique “tri-dual” configuration — dual-core, dual-channel and dual-memory. This configuration enables users to enjoy significantly improved performance and run-time compared to smartphones offering 1GHz dual-core processors.
Unlike other single-channel, single-memory dual-core smartphones, the LG Optimus 3D offers significant performance benefits as a result of the simultaneous — and thus faster — transfer of data between the dual-core and dual-memory. Users can browse web pages, multitask between programs, play games at a higher frame rate and enjoy movies more smoothly and longer than ever before.
“Backed by a combination of superb performance and full 3D, we’re excited about the prospects of the LG Optimus 3D taking the smartphone experience to a much higher level,” said Dr. Jong-seok Park, President and CEO of LG Mobile Communications Company. “We’ve incorporated every feature for the power user and we think they’ll be pleased with what they see.”
World’s First Full 3D Experience: 3D Recording-Viewing-Sharing
The LG Optimus 3D’s dual 5MP lens camera allows users to capture and record their best moments as images and videos in 3D anytime, anywhere. The LG Optimus 3D’s 4.3-inch WVGA display faithfully recreates the 3D experience without the use of glasses. The display provides bright and flicker-free images allowing users to view 2D (up to 1080p) and 3D (up to 720p) multimedia content. And users can navigate through the device’s 3D interface with the click of LG’s unique 3D Hot Key which presents five 3D-dedicated UIs, including Gallery, Camera, Game&Apps, YouTube 3D and 3D Guide.
Captured 3D content is easily shared via an HDMI 1.4 connection to 3D TVs and monitors and also is compatible with DLNA CertifiedTM products. What’s more, users can easily upload and stream 3D content and share each other’s creations on YouTube’s dedicated 3D channel (youtube.com/3D).
The LG Optimus 3D will be rolled-out globally starting with Europe early in the second quarter. The phone will initially be released with Android 2.2 (Froyo) and will be upgradeable to Android 2.3 (Gingerbread). The upgrade schedule will be announced in local markets in due course.
Key Specifications:
 1GHz Dual-Core Dual-Channel processor (Texas Instruments OMAP4)  4.3-inch 3D WVGA screen  8GB memory and 4Gb LP DDR2  1,500 mAh battery
 5MP dual-lens camera  2D: 1080p MPEG-4/H.264 recording and playback  3D: 720p H.264 SEI recording and playback  HSPA+, DLNA/HDMI 1.4  H.264, H.263, DivX, MKV, WMV-9, ASF, AVI, 3GP, MP4