The Droid X, Motorola’s follow-up to the original Motorola Droid, lands on shelves today. The new phone is available online and in Verizon Wireless Communications Stores for $199.99 after a $100 mail-in rebate with a new two-year customer agreement.

The Droid X features a 4.3-inch touchscreen, 8-megapixel camera, HDMI output, 3G Mobile hot spot capabilities and comes standard with 8 GB of memory expandable up to 32GB via microSDHC card. The Droid X runs Android 2.1 (Eclaire), but will receive an OTA update to Android version 2.2 (Froyo) later this summer.

An update supporting Flash 10.1 also will be delivered OTA in the near future.

Customers can take advantage of the 4.3-inch high-resolution screen on Droid X for viewing the latest movies from Blockbuster On Demand presented by V Cast Video.

Customers who choose to add the optional 3G Mobile HotSpot service to their Droid X will pay $20 per month for the service. The 32GB SanDisk microSDHC card is available for $99.99 when purchased along with the new Droid X or for $149.99 when purchased separately.

Verizon is allowing customers who have contracts ending by Dec. 31, 2010, to upgrade to Droid X without penalty.

The Droid X enters the summer smartphone fray with strong competition from other OEMs, most notably the HTC Evo 4G from Sprint, Apple’s iPhone 4 and the Galaxy S devices from Samsung.