A new smartphone called the OnePlus One offers virtually everything you could want in a high-end handset at a fraction of the price. It's still too early to know for sure but could this be a legit Nexus killer?

The feature-packed handset ships with a 5.5-inch 1080p IPS display coated in Gorilla Glass 3 and is powered by a quad-core Qualcomm Snapdragon 801 SoC clocked at 2.5GHz alongside 3GB of RAM.

The phone boasts a 13-megapixel rear-facing camera from Sony that can capture 4K resolution video, a 5-megapixel shooter on the front, dual-band 802.11 ac Wi-Fi, Bluetooth 4.0, GSM, WCDMA, LTE and a 3,100mAh non-removable battery.

It'll run a modified version of Android known as CyanogenMod with a nod toward enthusiasts. As you may already know, this Android fork offers up a ton of customization options including the ability to flash ROMs, encrypt SMS and more.

Pricing starts at $299 for a 16GB model in white. If you need more storage (note there is no microSD card slot), a 64GB model in black will only set you back $349. Expect to see the OnePlus One arrive first in Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Italy, Netherlands, Portugal, Spain, Sweden, Taiwan, United Kingdom and the United States by the middle of next month.

Do you think this phone has what it takes to make mainstream OEMs pay attention or will it simply be reserved for the hardcore enthusiast?