Update at 6:22 p.m. ET: USA TODAY's Ed Baig attended the Droid X event hosted by Verizon, Google and Motorola and shares his thoughts on the device:

Unveiling a new smartphone the same week that Apple's iPhone 4 reaches consumers may seem like curious or unfortunate timing. But the new Motorola Droid X device that Verizon, Motorola and Google showcased has the potential to be a worthy competitor to Apple's latest handset. However, I'll reserve judgement until I've put it through its paces.

The first thing you notice is Droid X's incredibly large screen: 4.3 inches compared to 3.5 inches on the iPhone. Of course, that puts the overall device on the larger side, weighing nearly 5.5 ounces, compared to 4.8 ounces for iPhone 4.

Motorola is marketing around that sizable display by comparing the new Droid to a pocket-sized home theater. Along those lines, Verizon is partnering with the likes of BlockBuster on downloadable movies, as well as NFL Mobile on live game action once football returns. Ultimate pricing for the NFL Mobile package on the Droid X is yet to be determined, but it will initially be free.

Skype Mobile is another partner, but Droid X isn't offering video calling as on the iPhone 4, or the Sprint HTC EVO, an Android cousin. Unlike the initial Droid, which remains in Verizon's lineup, Droid X is touchscreen all the way, with no physical keyboard.

Motorola says the battery talk time -- about 8 hours -- will last about the same as the original Droid.

Droid X features a robust processor and comes with 8GB of internal memory, plus a preinstalled 16GB memory card that can be upgraded to 32 GB.

Google CEO Eric Schmidt likened Motorola's device, the 11th Android phone Moto has brought out, to "a personal supercomputer."

Google says some 160,000 Android devices are sold a day. "It's a hits business," says Google mobile exec Andy Rubin.

Our original post

One day before Apple's long-awaited iPhone 4 hits store shelves, Verizon Wireless has unveiled the first details of its new smartphone featuring Google's Android technology.

Motorola's Droid X, which hits stores July 15, will feature a 4.3-inch screen, dual-flash 8-megapixel camera and HD camcorder. The device will also include HDMI and DLNA connectivity to download or view HD content.

The smartphone will also sport the latest versions of Google's Android software (2.2) and Adobe's Flash Player, although both will be available through an update later this summer.

The phone adds an application from Blockbuster allowing users to rent and buy movies or television shows to watch using Verizon's V-Cast service.

Droid X will cost $199 after a $100 mail-in rebate and two-year service contract with Verizon. Owners would also need a smartphone plan for unlimited access to the web and e-mail, which starts at $29.99 a month. Users can opt for a 3G Mobile Hotspot service at $20 a month that turns the phone into a wireless modem.

Readers, what do you think of Droid X?

THE COMPETITION: Our review of iPhone 4

By Brett Molina