Yesterday Motorola and Verizon announced the Motorola Droid X, the latest in the Droid family of Android phones. The Droid X will be available from Verizon beginning July 15th for $199 after rebate with a two year contract. In a move that seems to echo AT&T's offer for the iPhone, Verizon is also offering the Droid X at a discount for customers whose contracts ends in 2010.

AndroidCentral mentioned in their coverage that "data service will be $29.99 and mobile hotspot functionality will cost an additional $20 per month." They also note that for the event, "Verizon, Motorola, Adobe, and Google all got together to announce the device and the team of executives on stage were all excited about the device" which says a lot about how important this event is.

Here are some of the official specs posted on AndroidandMe:

• 4.3" FWVGA 854 x 480
• 1GHz OMAP3630 processor
• 512MB RAM
• 8MP camera with dual LED flash
• Three microphones
• 1540mAh battery
• Wi-Fi hotspot functionality, Wi-Fi, aGPS, Bluetooth, FM radio

Head on over to the Verizon Wireless site for the Droid X hereand see what else it has to offer.

In Android OS update news for the Droid and Droid X, AndroidCentral got ahold of an image which they say is a real internal document which points to the Droid getting Android 2.2 in July, while the Droid X will receive the update "in late summer." Interestingly, a picture from DroidForums shows a similar timeline, but written differently and in a different font. Are either one of these legitimate? Maybe, but I wouldn't bet anything on it.

Other Sources: AndroidandMe, AndroidCentral, Phandroid

Image from EuroDroid