Asian sources say Motorola could ship up to a million Xoom devices with four color options during the first quarter of this year, Taiwanese trade publication Digitimes reported on Monday. The target is achievable because the Xoom, a flagship Android 3.0 tablet, packs in bells’n’whistles bound to turn heads.

The company hopes the Xoom will replicate the success it had seen with the introduction of the original Droid smartphone in Fall 2009. The Xoom launch will be accompanied by a strong push from Verizon Wireless which will sell the tablet as a network exclusive in the US. In addition, Digitimes wrote, Motorola enjoys preferential treatment from Google:

The sources also pointed out that Google’s Android 3.0 is most suitable for 7- to 10-inch tablet PCs and most notebook vendors were not able to receive priority support from Google. Currently, Motorola and Samsung are Google’s priority partners with LG Electronics and High Tech Computer (HTC) following behind, the sources noted.

According to the Motorola Xoom mini-site and the official press release, this stylishly thin device weighing in at 730 grams boasts a 10.1-inch touchscreen at 1280 x 800 pixel resolution, which is enough to play 720p videos without resizing.

Powered by Nvidia’s 1GHz dual-core Tegra 2 processor, the Xoom sports a two-megapixel camera for video calling, a five-megapixel camera with LED flash on the back and 1080p video output via an HDMI port.

Since the Xoom is at the moment a flagship Android Honeycomb device, it will showcase all aspects of Android 3.0, like its flashy user interface and new features created specifically with tablets in mind, like true multitasking, widgets, full web browsing with Adobe Flash Player, notifications and more.

Motorola, which recently confirmed plans to reorganize itself into two independent companies by the end of the first quarter – Motorola Solutions, focused on business customers, and Motorola Mobility, addressing cellphones and set-top boxes – said the Xoom will launch as a 3G/WiFi-enabled device in the first quarter of 2011 with an upgrade to 4G LTE due in the second quarter.

The Xoom tablet was honored with the ‘Best of Show’ award and ‘Best Tablet’ award last week at the CES show in Las Vegas. Its Atrix 4G smartphone took the ‘Best Smartphone’ award.