It’s a good time for people needing a new smartphone, as a couple of high-profile devices are dropping around the same timeframe. Last week, the new iPhone 4S went on sale and current projections show that it has done pretty well.

If you’re looking to go the Android route, Samsung is about to unveil the next Google phone, the Galaxy Nexus, at an event taking place October 19th in Hong Kong (this evening for us in the West). And today, Motorola just unveiled their new Android device – the Droid RAZR.

And this is not your older brother’s RAZR.

The most talked-about spec of the new device is its size. The RAZR is only 7.1 mm thick (a little larger at the top), making it the thinnest device of its kind.

It will be launching on Verizon’s 4G LTE network and contain a dual-core 1.2 GHz processor, making it no slouch in the speed department either. Furthermore, in the aesthetics department, it sports a 4.3 inch Super AMOLED display.

Motorola has also beefed up the durability by building the Droid RAZR out of KEVLAR fiber and Gorilla glass for scratch resistance. It also has water-repellant nanocoating to protect the phone from damage from spills and splashes.

“DROID RAZR by Motorola is a testament to the innovation and design possibilities that stem from a strong partnership between Motorola Mobility and Verizon Wireless,” said Sanjay Jha, Chairman and CEO, Motorola Mobility. “We set out to design the best smartphone on the planet and delivered DROID RAZR which is thinner, smarter, stronger than any device on the market.”

Additionally, its sports 1GB RAM and an 8-megapixel camera with 1080p HD video capabilities, similar to what is available on the new iPhone 4S.

Pre-orders begin on October 27th and it will run you $299.99 with a contract. They have given a non-specific “early November” release date for the device.

At first glance, it appears to be a solid entry in the ongoing battle for device supremacy. What do you think? Are you excited about the Droid RAZR? More excited about the Nexus Prime? Let us know in the comments.