The handset features a basic 480X320 display, 1 GHz Qualcomm processor, 4 GB of internal storage and comes preloaded with Firefox OS 1.1.
http://www.notebookcheck.net/LG-launches-Fireweb-its-first-Firefox-OS-smartphone.104457.0.html
The price seams to be completly disconnected of the true value of the hardware.