The leaks that cropped up last week were largely correct — Motorola has just announced the Droid RAZR M 4G LTE. As CEO Dennis Woodside said earlier, the Droid RAZR M 4G LTE will have Android 4.1 Jelly Bean by the end of the year, but at launch it'll be running Ice Cream Sandwich with Chrome as the default browser. Naturally, it runs on Verizon's LTE network and includes a relatively high-capacity battery, but its 2,000mAh capacity trails both the Droid RAZR HD and Droid RAZR HD Maxx.

There aren't a whole lot of details about this phone, but the highlighted features include 8GB of storage space (plus a microSD slot), 1GB of RAM, an 8-megapixel camera with 1080p video capture, and a 4.3-inch screen — but there was no resolution announced. We're hoping it isn't the same 960 x 540 resolution that last year's Droid RAZR featured. The Droid RAZR M will come in both black and white, and will be in stores next week for $99 (with a two-year contract, of course). If you want to pre-order, you can do so starting today at 5 pm.

Here's our first hands-on impressions of the Droid RAZR M.

Update: Motorola just released a full spec sheet for the Droid RAZR M — unfortunately, it sounds like this phone is using the exact same 960 x 540 super AMOLED display seen on last year's Droid RAZR. The processor is a 1.5GHz dual-core chip, but there's no information on the specific details aside from the fact that it's a Qualcomm Snapdragon.

Overall, the Droid RAZR M feels much like last year's Droid X2 — a minor update to an already solid phone, though the price is certainly a solid selling point. Android 4.0 (and eventually 4.1 Jelly Bean)is a massive upgrade over the overly intrusive skin Motorola lavished on the original Droid RAZR's Android 2.3 software, but there's no question that a lot of this phone feels like it was built in 2011.