Samsung has announced the Note II, lets see how they compare:

Features Note II Note
Processor Quad Core Dual core
RAM 1.5 GB 1 GB
Built in Memory 16/32 GB 16/32 GB
Screen size 5.5" 5.3"
Camera 13 Megapixel 8 Megapixel
Android 4.1 4.0.4 (currently)
Availability September 2012 already available