Just when you thought you had seen all of the great new smartphones launching ahead of the holidays this year, Verizon and Motorola had to go ahead and throw us all for a loop. In late September, a powerful and mysterious new Motorola phablet began to leak and needless to say, it caught our eye. The more we learned the more intrigued we grew, and now it looks like the Droid Turbo will end up being one of the most impressive Android smartphones of the year.

Now, after weeks of leaks and rumors, the wait is finally almost over.

FROM EARLIER: This is the new Droid Turbo, and it looks amazing

According to previous reports, the new Droid Turbo is going to be the surprise monster smartphone of fall 2014, and this Verizon Wireless exclusive will supposedly be the focus of today’s big press conference. The phone looks sleek and stylish in the leaked images and marketing renders we’ve seen, and the rumored specs paint quite an impressive picture.

Spec highlights supposedly include a 5.2-inch display with quad HD resolution (2,560 x 1,440 pixels), a 2.7GHz quad-core Snapdragon 805 processor, a 21-megapixel camera, 3GB of RAM, a giant 3,900 mAh battery and Android 4.4 KitKat.

Of course, Verizon hasn’t confirmed anything at this point, but we’re now just moments away from the start of the company’s big Droid event. The press conference is scheduled to begin around 11:00 a.m. EDT / 8:00 a.m. PDT, and our live coverage can be found below (new updates will appear automatically — no need to refresh).

That’s it! We said it would be short… and we’ll be back soon with a hands-on preview of the Droid Turbo.

Verizon is also offering a one-time screen replacement program where it will swap out a Droid Turbo with a cracked screen for free.

As for when you can buy one, they launch sooner than you might think. Verizon says the Droid Turbo will launch on Thursday, October 30th.

The 64GB version of the Droid Turbo will cost $249.99 on contract.

The Droid Turbo will start at $199.99 on contract. The Droid mini will be free on contract moving forward, and the Droid Maxx will be $49 on contract.

The phone will also come with either 32GB or 64GB of storage.

Thankfully, the Droid Turbo also includes all of the awesome software features from the new Moto X, including Moto Display, Moto Actions and Moto Assist.

Motorola says that the phone will be upgraded to Lollipop in the coming months, though.

The phone is powered by the quad-core Snapdragon 805 chipset clocked at 2.7GHz, just like the Nexus 6. Unlike the Nexus 6, however, it will launch with Android 4.4.4 KiKat rather than Android 5.0 Lollipop.

The phone is also XLTE ready, so next-gen data speeds will be supported.

In terms of specs, the phone sports a quad HD display and a much better camera than previous Droid devices – 21 megapixels with 4K video capture support.

The phone is also water resistant to protect against spills.

With the Motorola Droid Turbo, Motorola introduced two new materials: ballistic nylon (military spec) and metalized glass fiber.

Next up, materials. Motorola says that $13 billion was spent by consumers last year on damaged phones.

With Droid Turbo, Motorola has introduced “turbo charging” — 15 minutes of charging will add 8 hours of usage time to the battery.

As we’ve seen in a dozen leaks, the battery is indeed 3,900 mAh and it’s supported by “intelligent software” to help optimize battery performance.

And that’s usage time, not standby — Motorola says that the Droid Turbo will last for two full days of usage on a single charge.

The Droid Turbo has four key elements that help it stand out. The first is endurance — the battery will last for 48 hours on a single charge.

Last year’s Droid Maxx still has the best battery life among LTE phones, but the time it takes to fully charge was an issue for users. Verizon wanted to address that with the Droid Turbo in addition to just providing the best battery life in the business.

In conducting surveys following recent Droid launches, Verizon found that battery life was the most important factor for smartphone users.

Ok the show is underway! It’s going to be a quick one so get ready…

Also, the venue is very small and informal so we’re probably in store for a pretty short presentation. Of course, that means we get our hands on the new phone even sooner, so we’re not complaining.

We’re inside and seated and it looks like things might begin pretty close to the scheduled 11AM start time.