Not too long ago Motorola and Verizon officially announced the latest smartphone in the Droid family, the successor to the Droid 3 the aptly named Motorola Droid 4 and soon after that official announcement, the pricing on the Motorola Droid 3 tumbled down to a cool $99, and now apparently the Droid 3 price has been slashed yet again.

According to the guys over at Droid-life, Verizon has now chopped the price of the Android 2.3 Gingerbread Motorola Droid 3 down to a very attractive $50, but that low price only holds until the 5th of February, so if you want to take advantage you’d better get a move on.

For your 50-bucks you’ll receive the Droid 3 with its 4-inch qHD touch screen, 5-row slide out QWERTY keyboard, 1GHz dual core processor, 8 megapixel rear facing auto-focus camera, VGA front facing camera, 16GB built in storage, microSD expansion up to 32GB and a 1540Ah battery.

As this is the second time Verizon has chopped the price on the Droid 3 the speculation is that the release of the Motorola Droid 4 can’t be too far off and brings to the game a 4-inch qHD touch screen, 5-row slide out QWERTY keyboard, 8 megapixel rear facing camera, front facing camera, 1.2GHz dual core processor, 16GB built in storage, microSD expansion up to 32GB, and of course 4G LTE connectivity.

So the big question is would you consider purchasing the Motorola Droid 3 at its low price of 50-bucks or will you wait to pick up the Motorola Droid 4 once the smartphone makes it out into the public space?

If you have enjoyed this Phones Review article feel free to add me to your circles on Google+ and I will of course add you back.