Indeed, the Waxberrry Pi2 is powered by a Rockchip RK3066 dual core Cortex-A9 processor clocked @ 1.6GHz and paired with a Mali-400 MP4 GPU.
Key hardware specs include 1GB DDR3 RAM, 8GB NAND Flash + micro SD card slot, standard USB OTG + Micro USB OTG, Ethernet, Wifi and Bluetooth.
There is also HDMI (out + cable), an IR sensor, 5V/2A power supply, a USB Data cable, a USB-serial board for debug, CD with board schematics, Android 4.1.1 SDK (Jelly Bean), Linux Kernel 3.x source code and Xubuntu image. As expected, the board is pre-loaded with Android 4.1.
The WB-RK3066 can be purcahsed on Ebay for $129, excluding shipping.