The press release is out and the Droid is official. Moto and Verizon have today announced the imminent launch of the smartphone everybody's talking about. The Droid will be hitting stores on November 6th, and will cost $199 with a 2 year contract. Both Verizon and Motorola have a lot riding on this launch. The carrier needs something to lift their flagging sales and give them some muscle against AT&T, while Moto has pinned all of its hopes for the future on the Android OS.

In case you've forgotten, the Droid packs a 3.7” touchscreen, a 5 MP camera with dual LED flash, and turn-by-turn voice guidance along with an internal GPS. The Droid has 16 GB of internal memory and is driven by a 600 MHz processor. There's no denying that Moto's big gambit makes for one hell of a smartphone. The question is; will it sell?