The Motorola Droid 3 is now available at Verizon Wireless for $199.99 with a two-year contract.

Motorola Droid 3, or Milestone 3, launched in China last month, ready to compete with the next generation iPhone (dubbed iPhone 5).

This new addition to the Droid family boasts a 16GB internal memory making it good for emails, texts and apps. There is also a five-row slide-out QWERTY keyboard with a dedicated number row; a 1GHz dual-core processor; a 4-inch qHD display that provides 26 percent more pixels than its predecessors; and an 8MP camera to capture life as it unfolds. The camera comes with features such as auto-focus, touch-to-focus, and face recognition to name a few.

For those who love to video chat online, the Droid three come with a front-facing webcam supporting video chats. There's a 1080p HD video that captures and uploads to YouTube.