The Motorola DROID RAZR M is the first of the new RAZR family to become available - you can get it right now online or from Verizon.
The phone offers a 4.3" screen in a package about the same size as the new iPhone 5, a dual-core Krait processor at 1.5GHz, plus a battery that's "40% more powerful than the iPhone 5 or iPhone 4S".
And there's also LTE connectivity on Verizon's 4G network, of course. The DROID RAZR M will launch with Android 4.0 Ice Cream Sandwich but will be updated to Jelly Bean soon - Motorola made a serious commitment to updates.
You can grab the phone (in black or white) from Motorola's own site for $99 (after a $50 mail-in rebate). Or you can get it from Verizon, who also offer a $145 bundle version, which also includes a silicon cover 3 screen protectors and a car charger.
Amazon Wireless also carries the DROID RAZR M and currently they list it at $49. All these prices are with a 2-year contract, of course.