The Specification is not exact but yes it is confirmed that it will be with 5MP camera which is capable of recording videos on 720p . Google didn’t mention its battery capacity but they mentions that it will offer one full day.
Google Glass is compatible with Bluetooth-phones but if we have to use GPS or SMS we have to install MyGlass app in our phone and this app run only in Android 4.0.3 Ice Cream Sandwich or higher.They also mention their memory capacity which will be 16GB but only 12GB will be available to user and synced with Google Cloud Storage & for audio their will be a BONE CONDUCTION TRANSDUCER.
Google Glass will come with adjustable Nose pads and Google will also provide extra Nose pads in two sizes.
Price is not confirmed but it will be near about 1500$