Motorola Droid 3 is now available on Verizon and it boasts of beefy specs, but is this Android powerhouse good enough to become the new iPhone killer?

Verizon has listed the sale of Droid 3 today on their website, the same day the carrier has abandoned its unlimited data plan. The new smartphone by Motorola is listed at $199.99 with a 2-year contract or $459.99 unsubsidized.

The phone boasts of impressive specs - Android 2.3 Gingerbread, 1 GHz dual-core processor, 1 GB RAM, and 16 GB internal memory. The 4-inch qHD display has 960 x 540 resolution and the 8-megapixel camera is capable of capturing 1080p HD video. And the full 5-row slide-out QWERTY keyboard, much like the previous Droid models by Motorola, will get attention from those who still prefers physical keyboard’s accuracy over the touchscreen keyboard.

The LTE 4G support is debated. CNET has reported that the smartphone does not support Verizon’s LTE 4G network; TG Daily reported it does.

Regardless of its 4G support, Droid 3 will have a difficult time challenging Apple's iPhone. Though the early adopters of the smartphone will be those who prefer a slide-out keyboard, much of its spec are in the same league as the existing iPhone 4 and much less than the upcoming iPhone 5, which is rumored to be out in 2-3 months.

The iPhone 5 is rumored to have 1.2-1.5 GHz A5 processor, 1GB RAM, better 8-megapixel camera with dual-LED flash, edge-to-edge 4-inch screen, and 4G connection. Apple's new flagship phone will also be equipped with the powerful new iOS 5 as its operating system.

Does Motorola Droid 3 have a chance against Apple iPhone 5, even though it comes with slide-out keyboard and has a 2 months head-start?

Leave your comments below.

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