The first proper Samsung Galaxy S III video has made it to the interweb, putting an end to rampant and often ridiculous speculation.

Avid readers might have noticed that we did not cover most S III leaks in recent weeks and there is a very good reason for that. They were obvious fakes, which did not seem to faze quite a few rumour mongers. Even some reputable sites fell for them, but luckily the circus has left town.

The real deal seems to be more down to earth than the wild rumours. The phone packs a 4.6-inch 720p screen, quad core 1.4GHz processor with Mali 400MP graphics, 1GB of memory, 16GB of internal storage with a microSD slot in tow. The phone packs an 8-megapixel camera, massive 2050mAh battery and NFC is also on board. The spec is impressive, but it is by no means a world-beater. HTC’s One X also has a quad-core processor, but it has more storage. LG’s new 4X HD should also come close, and Sony’s Xperia S also has 32GB of storage and an impressive 12-megapixel snapper, but it’s powered by a dual-core chip.

Sadly the video leaked by a Vietnamese tech blog does not show Samsung’s flagship phone in its full glory. The phone seems to be wrapped in some sort of plastic protective case, but at least we can still speculate about the final look and choice of materials.

So, no 1080p screen, no curved glass, no 100-megapixel camera, no Mali T604 graphics, no wireless charging and no - it won’t cure cancer. The people who came up with these imaginary specs are probably the same people downloading solar charger apps on the Android market.

The original video has since been deleted, but Engadget grabbed a copy of its own and you can check it out here.