While waiting for the Droid Razr Maxx’s launch, Verizon has cut the contract price of Droid RAZR to $199.99, and the purple version of the Droid RAZR is available from Verizon Wireless for $199.99 with a plan.

For that $199, you will get yourself a 16GB Droid RAZR in purple (or black or white), which I think is a good deal. At the moment, the 32GB Droid RAZR (in black or white) is currently selling for $299.

To remind you, specs of the Droid RAZR include a 4.3″ curved Gorilla glass Super AMOLED touchscreen and 8-megapixel rear camera that records 1080p HD video. On the front is another HD camera that offers the option of video chat over 4G LTE, 3G or Wi-Fi. Other features include 1.2GHz dual-core processor, 1GB RAM, mobile hotspots, 1780mAh battery.

So, if you’ve been dreaming about rocking a purple Droid RAZR, head over to  Verizon here and get yours today.

On a side note, Verizon has slashed another $50 from the price of the Motorola Droid 3, which now costs only $49.99 on contract until February 6, suggesting that the Droid 4 is coming very soon. You can go here at Verizon to buy the Droid 3.