Announced via a Weibo communique by no less than Lei Jun himself:
Millet 3 Champagne Gold version here. http://t.cn/z0sSRp7
The Mi 3 has a 5-inch 1920 x 1080 IPS display, Snapdragon 800 CPU at 2.3GHz, 2GBs RAM, 16GBs internal storage, 2MP front and 13MP back cameras, a 3.050 mAh battery, and supports 3G (WCDMA) and 2G (GSM) networks [2G: GSM 850/900/1800/1900MHz; 3G: WCDMA 850/900/1900/2100MHz; data: GPRS/EDGE/DC-HSPA+ (42Mbps)]. It has no microSD card slot.