The folks at Notebook Italia discovered a video of the device on HP's website that shows this laptop powered by Android with a quad-core processor, 2GB of RAM, WiFi, Bluetooth, Beats Audio, three USB ports, HDMI-out port, and possibly a SIM card slot for cellular connectivity.
Lenovo has their Ideapad A10 Android laptop, but so far this operating system hasn't proven to be highly desirable as a laptop operating system. Chromebooks are popular, but much of their popularity also has to do with low prices.
There has been talk of some Chrome OS/Android integration and I imagine we will see more about this possibility at Google I/O in June. I prefer Android as my smartphone operating system and would probably enjoy my HP Chromebook 11 more if Android was there instead of Chrome.