Look what we have here…details on the upcoming LG Ally; the entry-level, Android-powered handset that is poised to take on the Motorola Devour. Not nearly as promising as the rumored 1GHz, HD-capable Aloha, the Ally will ship with a 600MHz processor and 256 MB of RAM. The side slider will run Android 2.1 “with Google,” and a LG-flavored theme that is dominated by LG’s own calendar, Weather+Time, and Socialite widgets. Verizon Wireless also mucks up the UI makes its presence known with pre-installed Visual Voicemail and V CAST Media Manager — Backup Assistant will be coming soon via the Android Market. The Ally is slated to launch on May 20th in all channels with pre-orders beginning on May 13th. Hit the jump for a few more grabs from the slide deck and a full run down of specs.

Thanks, VZW and vzwpenguin!

The rest of the specs are standard smartphone fare and include: