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It looks like the rumors (and FCC filing) were true — HP is bringing its first smartbook to market. It will be called the Compaq Airlife 100, and according to Engadget it will basically look like a netbook and have the guts of a smartphone. In fact, the Airlife 100 looks virtually identical to the prototype smartbook that HP was showing off at CES in early January, although at the time HP said it was just a prototype and that there were no plans to bring it to market yet.

Here’s a rundown on the spec:

• CPU: Most likely a 1GHz Qualcomm Snapdragon processor
• OS: Google Android
• Display: 10.1 inch touchscreen
• Storage: 16GB SSD
• Connectivity: 3G and WiFi
• Battery: Up to 12 hours (10 days in standby)

The Compaq Airlife will be available in Spain through a deal with telecom Telefonica. It’s also expecte to launch in Europe and Latin America. No final word on a US version yet. You can find more images at Engadget and a press release at Engadget Spanish.

I don’t see any word on a launch date yet, so it’s not clear whether  HP will get the Airlife 100 into customers hands before April, when Lenovo expects to begin offering its Skylight smartbook.