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It has 512 MB RAM, and a 700 Mhz, and it is capable of running minecraft*

The GPU provides Open GL ES 2.0, hardware-accelerated OpenVG, and 1080p30 H.264 high-profile encode and decode.

The GPU is capable of 1Gpixel/s, 1.5Gtexel/s or 24 GFLOPs of general purpose compute and features a bunch of texture filtering and DMA infrastructure.

This means that graphics capabilities are roughly equivalent to the original Xbox’s level of performance. Overall real world performance is something like a 300MHz Pentium 2, only with much, much swankier graphics.

It is a SoC is a Broadcom BCM2835. This contains an ARM1176JZFS, with floating point, running at 700Mhz; and a Videocore 4 GPU. The GPU is capable of BluRay quality playback, using H.264 at 40MBits/s. It has a fast 3D core accessed using the supplied OpenGL ES2.0 and OpenVG libraries.