Ferrari brings one thing to mind — speed. You see that special red finish and the Ferrari logo and you know things are going to get fast in a hurry. That was my finding with the Acer Ferrari One notebook, and with different components inside that would have been the case with the Acer Liquid E Ferrari Special Edition phone.
The red Ferrari case is distinctive, as are the special race car ringtones and notifications. The Snapdragon processor is surprisingly only running at 768 MHz, belying the Ferrari name. It is packing Android 2.1 and a 5 MP camera, not the latest and greatest, so it’s clear you are getting one of these for the Ferrari look. No pricing is available yet.
Related research on GigaOM Pro (sub. req’d): Google’s Mobile Strategy: Understanding the Nexus One