ADR Design and Polaroid have finally announced a first release date for its highly anticipatedInstagram Socialmatic camera, as well its technical specifications and features. The sleek gadget will feature a 14 Mpx frontal camera, a 2Mpx rear camera, besides a LED flash, a 4.3″ Toucscreen, a 4GB Internal storage and stereo speakers. The release is slated for the first quarter of 2014, retailing at $299.