Though it was only released yesterday, you can already pick up the new Motorola DROID RAZR M for only $50 with a two-year contract. That’s half off the price you’d pay to buy it from Verizon, and probably very irritating if you already bought it yesterday.

As we mentioned yesterday, one of the the main selling points of the DROID RAZR M is its small size. At $99, there are many devices in the same price range with better specs. At $50, that number drops dramatically. With a 1.5GHz dual-core Qualcomm Snapdragon processor, 1GB of RAM, and a 2,000mAh battery, the DROID RAZR M suddenly becomes much more attractive when you knock off half of the price.

Amazon Wireless is currently offering both the black and the white models of the Motorola Droid RAZR M for $50 with a new contract from Verizon, or $70 if you’re already a Verizon customer, which is still as cheap as you’ll find them anywhere. Both phones are currently listed as backordered, but if you can spare a little patience, it may be well worth the money you will save.

Is the Motorola DROID RAZR M worth $50 to you? Are you one of the early birds who bought it yesterday?