GPU: I know VideoCore IV is weak, but is it worse than PowerVR SGX540? Besides, they have open sourced graphics stack (EGL lib!!!).
Latest supported OS: Android 4.1.2 (less problems than we will have with our 2.3.6).
But our LP is on it's way, so don't be pesimistic after this post
PS: Now i found this 850GHz gag lol Who writes it? Our phone have a bit of bad info too.