07/07/2011 01:00 pm ET | Updated Sep 06, 2011

DROID 3 Price, Release Date Announced (PHOTOS)

DROID fans, the wait is over: Verizon announced today that the new DROID 3, with physical QWERTY keyboard, will be released on July 14. The latest addition to the Motorola family of DROID phones will cost $199.99 with a two-year contract.

The DROID 3 is an upgrade from the DROID 2 in several key areas. Consider the specs: the 1GHz dual processor improves on the old single-core model; like the iPhone 4, it has added a front-facing camera for video chat; storage has double to 16GB from 8GB; and perhaps most encouragingly for many frustrated DROID typers, the DROID 3 will feature a row of numbers above its QWERTY keyboard this time. No more holding down 'Shift' forever to type in a phone number: 0-9 now have buttons.

On the downside, newcomers to Verizon will no longer be able to purchase unlimited data plans, as data capping will begin on July 7.

Check out the official photos of the new DROID 3 below:

The DROID 3 from Motorola Gets Price, Release Date (PHOTOS)

See early impressions of the DROID 3: