With Verizon about to launch the new Motorola Droid 4, they have decided to drop the price of the Motorola Droid 3 before the new model goes on sale, and the device can now be had for $99 when you sign up to a new two year contract with Verizon.

As a reminder the Motorola Droid 3, which originally went on sale last June comes with Android 2.3 Gingerbread and it features a 4 inch qHD touchscreen display.

The display comes with a resolution of 960 x 540 pixels, and it also comes with a slide out QWERTY keyboard, processing is provided by a dual core 1GHz processor and it features 16GB of built in storage.

The Motorola Droid 3 features an 8 megapixel camera on the back which is capable of recording full HD video ion 1080p, and there is also a front facing camera for video chat.

On top of that the Droid 3 features Bluetooth 2.1+EDR, WiFi and A-GPS, plus a 1540 mAh battery, you can find out more information about the device over at Verizon.

Source Droid Life