The folks at Samsung have revealed a device by the name of Galaxy Precedent, a device that would certainly have appeared to be a decent little phone on the top of the mid-range in 2010, but now certainly has the specs that work with its price at $150. But here's the thing: this isn't the price you'll be paying if you buy the phone connected to a two-year contract, it's the price you're paying OFF contract. That means that this is a good deal, for real. This device is the Samsung M828C, what's very similar to the Samsung Galaxy Prevail, and is available at places like Walmart and places where TracFone are sold.
This device is not yet available, but once it is, you'll have the ability to connect it to a no contract unlimited $45 30-day plan which includes talk, text, web, and calls to 411. Of course this plan is subject to quite a few limitations, as a truly unlimited plan for $45 a month would otherwise be the best deal in the USA without question. Instead there are a few limitations as outlined in the Terms and Conditions at the StraightTalkAndroid website, Straight Talk being the group you'll be working with to get voice and data on the device:
The Straight Talk Unlimited Plans MAY NOT be used for any other purpose. Examples of prohibited uses include, without limitation, the following: (i) continuous mobile to mobile or mobile to landline voice calls; (ii) automated text or picture messaging to another mobile device or e-mail address; (iii) uploading, downloading or streaming of audio or video programming or games; (iv) server devices or host computer applications, including, but not limited to, Web camera posts or broadcasts, automatic data feeds, automated machine-to-machine connections or peer-to-peer (P2P) file sharing; or (v) as a substitute or backup for private lines or dedicated data connections. This means, by way of example only, that checking email, surfing the Internet, downloading legally acquired songs, and/or visiting corporate intranets is permitted, but downloading movies using P2P file sharing services and/or redirecting television signals for viewing on laptops is prohibited. A person engaged in prohibited uses may have his/her service terminated without notice or a refund.
This device has Android 2.2 FroYo installed on it out of the box, has an unnamed 800mhz processor inside, a 3.2-inch touchscreen display at 320 x 480 pixels, a 2 megapixel camera on the back, 384MB of RAM, microSD card slot capable of holding up to a 32GB microSD card, and Bluetooth. You'll be working with Straight Talk as a carrier and you will indeed have the Android Market installed out of the box as well. A little monster for those without the bigtime cash to have a 2-year plan.