Droid X Is Official, July 15th for $199

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The moment we have all been waiting for: today Verizon and Motorola announce the Droid X, the latest in the Droid line of smartphones kicked off with the runaway hit that was the original released last fall. The phone that we first heard whispers of last January as the Motorola Shadow has since been revealed to be a powerful uberphone in line with the likes of the HTC EVO 4G after numerous leaks made it nearly impossible to keep this one under wraps. So let’s get to the juicy stuff: when can we get our grubby mitts on it and how much is it going to cost us?

Motorola’s — count ’em — 11th smartphone in a period spanning a year will be out July 15th for the price of $199.99 on a two-year contract after a mail-in rebate. That’s less than a month away and for your now standard subsidized smartphone price. The Wi-Fi hotspot feature (yes, there is Wi-Fi for up to five devices) is going to set you back an extra $20 a month.

Better news? If you’re a Verizon customer with a contract expiring by December 31st of this year, you can upgrade immediately without any penalty.

So can you feel the excitment? Can you bare the wait? Or is this not the Droid you were looking for? Stay tuned for more coverage throughout the day as more info comes in on the Droid X.

[Press Release]

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