Motorola has just announced the much-leaked and rumored, the Droid RAZR. Keeping in mind the RAZR legacy, the Droid RAZR is insanely thin at just 7.1mm. Yes, just 7.1mm thin. This makes the handset the slimmest handset until date. The European version of the Samsung Galaxy S II is finally not the slimmest Android phone around.

The handset is made of Kevlar to improve its build-quality, and is also water-resistant and dust proof. The front of the phone is dominated by its 4.3-inch Gorilla glass covered Super-AMOLED display with qHD(640×960) resolution. The handset is powered by an OMAP4430 1.2GHz dual-core processor, and comes with 1GB of RAM.

The insanely thin RAZR will run on Android 2.3 Gingerbread, and comes with some new software goodies from Motorola including Smart Actions. The Smart Actions feature will automatically dim your display, automatically switch off Bluetooth and Wi-Fi and more. At the back of the RAZR is an 8MP camera, which can also record Full HD (1080p) videos, and in the front is a VGA camera for all your video-calling needs.

The RAZR will come with MotoCast, which is company’s own iCloud alternative. MotoCast will allow users to stream their pictures, movies and music stored on their PC to their handsets. The handset is also the first device to stream HD videos from the Netflix app.

On the connectivity front, the RAZR comes with mini-HDMI port, Wi-Fi, Bluetooth and GPS with A-GPS. The usual bunch of sensors and ports are also present. The handset is also business ready with a slew of enterprise based features. Even if the Droid RAZR is insanely thin, the phone supports Verizon’s 4G LTE network. The handset will be powered by a beefy 1800mAh battery.

The Droid RAZR pre-orders being on October 27th, and it will hit the retail stores sometime in November. The handset will cost a whopping $299 on a two-year contract.