Sit tight if you're waiting for a cheaper model.
Motorola just announced the Moto X yesterday. Despite the fact that the phone has yet to go on sale, the company's CEO is already talking about new versions of the device to be released in the coming months. As seems to be the trend these days, Motorola is planning a cheaper, lower cost version of the Moto X for shoppers on a budget (similar to Samsung's Galaxy S4 mini; the HTC One mini; and the rumored iPhone 5C, the device).
CNet cites Motorola Mobility CEO Dennis Woodside as saying the Moto X is just the beginning. The Moto X is the flagship phone in an entire line of devices carrying the Moto X branding. This line will contain a model designed and priced for international customers in markets where subsidized devices aren't as popular. This device will also target the USA's prepaid wireless market. Though Woodside didn't provide much in the way of specifics, he did mention that the sub-$200 market offers a sub-par experience, so it's likely this phone will be extremely affordable.
The new Moto X uses the "Motorola X8 Mobile Computing System," which consists of a software-optimized Qualcomm Snapdragon S4 Pro dual-core SoC clocked at 1.7 GHz, a natural language processor, and a contextual computing processor. Backing this system is 2 GB of RAM and a 2200mAh battery promising up to 13 hours talk time and up to 24 hours mixed usage time. The phone also features a 4.7 inch AMOLED 720p screen, a 10MP Clear Pixel camera capable of 1080p recording at 30fps, up to 32 GB of internal storage, dual-band wireless AC and Bluetooth 4.0 + EDR connectivity, and location services consisting of aGPS (assisted), AGPS (autonomous), sGPS (simultaneous), Standalone GPS, eCompass and GLONASS. The whole show is running on Android 4.2.2 "Jelly Bean," although given that Google owns Motorola, we imagine it won't be too long before the phone is updated to v4.3.
The device is set to be available in the U.S., Canada and Latin America starting in late August/early September 2013.