Today, Nokia announced the long-awaited Lumia 900, often referred to as the “Ace”, at CES. The Lumia 900 is the first LTE device for Nokia, and it’s making waves all over the web, with iPhone aficionado MG Siegler even giving it a virtual round of applause.

What’s getting everyone so excited? The device is actually quite gorgeous and has improved upon its last Lumia (the 800) with a 1.4GHz CPU, 512MB RAM, 8-megapixel camera, and a 4.3-inch AMOLED display.

Nokia released a hands-on video today, giving you your first look at the unit up close and personal. The demo gives you decent glance at how beautiful the display is and how smoothly the Windows Mango OS runs on it.

Will it be enough to make a dent in the iPhone and Android heavy market? Our own Matthew Panzarino, who is on the ground at CES, says that an ecosystem needs to be built around the OS first for devices to become winners.

Having said that, a lot of iPhone and Android users are taking more than a few glances at the Lumia 900 today, but will they buy?