Some day soon we’ll be able to stop complaining about how freakin’ slow smart phones can be, especially when you’re multitasking. Qualcomm’s Snapdragon platform incorporates a blazing 1-GHz processor that should be able to handle any task you want your handheld to do–including watching Flash videos–while providing 5 to 6 hours of battery life.

The concept device you see here, co-developed with Inventec, runs Windows Mobile and also has MediaFLO technology built-in for watching TV anywhere. But Snapdragon could just as easily find a home inside Linux-powered devices.

The 1-GHz custom processor core is paired with Qualcomm’s sixth-generation DSP core running at 600 MHz–with the promise of delivering PC-like performance without sacrificing the instant-on functionality we expect from smart phones. Snapdragon also supports HD video decoding, up to a 12-megapixel camera, GPS, and all the flavors of wireless, including 3G, Wi-Fi, and Bluetooth.

Both HTC and Samsung are committed to bringing devices to market with Qualcomm’s platform inside by the end of the year, and we wouldn’t be surprised to see at least one of them running Google’s Android software. Stay tuned.