Verizon Motorola Droid XMotorola has officially announced the Droid X (formerly referred to as the Droid Xtreme).

This particular Motorola Android phone features a sizable 4.3-inch 854x480 touchscreen, 8-megapixel AF camera with dual LED flash, 720p HD video recording capabilities, WiFi, Bluetooth, DLNA support, HDMI out, 1GHz processor, 8GB of internal memory, and comes bundled with a 16GB microSD for additional storage. Consistent with earlier reports, this baby has Android 2.1 as it OS with a more subtle version of MotoBLUR running on top of it. For those disappointed that this doesn’t come with Froyo on-board, no need to get stressed about this so much as Verizon has confirmed that they’ll be releasing an Android 2.2 update complete with Flash 10.1 support for the Droid X sometime later this summer.

The Verizon Motorola Droid X is scheduled to hit stores on July 15 and will retail for $199 on a 2-year contract after a $100 mail-in rebate is applied. As an added treat, Verizon is also allowing subscribers whose contracts will end on December 31, 2010 the option to upgrade early to the Droid X or any smartphone of their choice without having to pay any penalty. Not bad, eh? For the full press release, you can check it out here.