The Motorola Droid 3 phone will be making its way to the Verizon network on July 14, one week from today. The Droid 3 features a number of improvements over its predecessor, most notably a 1GHz dual-core processor. The phone also features 512MB of RAM and 16GB of storage, with the possibility of an extra 32GB with a microSD card. The four inch screen will feature a qHD resolution of 960x640. Full 1080p video can be captured and output over HDMI using the available 8 megapixel camera. The phone will run the Gingerbread edition of Android and will be available for the price of $199.99. Unfortunately, customers will also be forced to choose one of the new tiered data plans from Verizon.