After the MIT’s Technology Review blog report, and after a lot of talk, Intel is reportedly demonstrating reference designs for smartphones and tablets sporting the company’s latest Atom mobile chip, dubbed Medfield, running Google’s Android OS.

The Smartphone is about the size of an iPhone 4S but lighter (this is likely because for a prototype, its case might be made out of plastic, and not glass plus plastic reinforced with metal frames and elements usually found in real consumer phones). The phone is said to have fast Web browsing and a “burst mode” for its camera that can capture 15 stills per second, each at 8-megapixels. This technology comes as a result of Intel’s acquisition of image-processing company Silicon Hive and could be useful for developers creating augmented reality apps.

Medfield X86 architecture with 2 CPU’s being recognized by the logging software, achieved either through hyper-threading or multiple CPU cores, which of the two is not explicitly verified. While ROM and RAM size will likely differ in retail devices, 1 GB of RAM is on hand. There also appears to be up to 500 MB of graphics memory on tap using Intel’s dynamic memory allocation but the amount integrated on the graphics core is uncertain.

According to Technology Review, the phone was powerful and pleasing to use, at par with the latest iPhone and Android handsets. The phone ran Android Gingerbread, it could play Blu-Ray-quality video and stream it to a TV if desired; Web browsing was smooth and fast. It tested a tablet running Ice Cream Sandwich that was more impressive than any Android tablet currently on the market, blog reported.

Intel expects the first Medfield-based devices to be revealed in the first half of 2012, and hinted that we might see some at CES in January. We’ll keep you update. Stay tuned.