The Wall Street Journal is reporting this afternoon that Verizon's version of the Galaxy Nexus will run $299.99 on a new two-year contract — standard fare alongside the HTC Rezound and Motorola Droid RAZR, both of which share that price point. As the WSJ notes, it's a new watermark for high-end smartphones that customers are going to need to get used to; it wasn't long ago that anything above $200 was considered overpriced, but Verizon seems intent on driving up the standard price by another hundred dollars. Considering the precedent the iPhone line has set, that seems fair as long as the storage capacity is at parity.

What the report doesn't list, unfortunately, is a release date — it just echoes the December guidance that we all know too well at this point. The latest rumors suggest that a launch at the end of this week is a possibility, but until we actually see an official announcement and product on store shelves, it's anyone's guess.