phoneArena is reporting that the latest incarnation of Verizon's Chocolate series, the clamshell Chocolate 3, will be available on July 14. It's said that the phone will run $129 on a two-year contract after the redemption of a $50 rebate -- not exactly cheap, but where else are you going to find a Verizon phone with an FM transmitter in baby blue? That's what we thought.

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