The wait for the Motorola Droid to go official is finally over, as Verizon has announced all the details on the drool-worthy handset, highlighted by the fact that the Droid launches exclusively on Verizon Wireless on November 6th (yes, just over a week from now,) and will sell for $200 after mail-in rebate with two-year contract.

We know what many of you are thinking - $200 will get you an iPhone 3GS, so this thing better bring the pain. Well, my friends, it certainly does. The Droid is a top-notch phone, boasting a 3.7-inch 480x854 display, Cortex A8 processor, Bluetooth, GPS, 5-megapixel camera (with dual-LED flash,) slide-out QWERTY keyboard with d-pad. 3G, Wi-Fi, over-the-air Amazon MP3 downloads, and voice-activated search are also present. Included in the box is a 16GB SD card, as well as a dock for the phone. That’s just the hardware. Equally important is the software running on the device, and the Droid is the first handset to feature Android 2.0. That’s a big deal, as no other phone on the horizon seems to be shipping with 2.0. This also means that Droid picks up the new Google Maps Navigation feature, which essentially turns the phone into a fully-functional GPS, using Google Maps, at no extra cost.

We’ll obviously be bringing you more details as we get them, but expect to hear a lot, a lot about this phone over the coming weeks.