Alright, so maybe this non-3G crapshell isn't the phone that the world has been waiting for; maybe not by a long shot. Be that as it may, the VX5400-replacing VX5500 isn't looking half bad, featuring (if you can call these "features") a VGA camera, Bluetooth, and count 'em -- not one, but two displays. Looks like it's still tracking for a late October release, so get your wallets out, but don't plan on pulling out more than a few crisp bills because it'll run a mere $49.99 on a two-year setup.
*Verizon is currently in the process of acquiring AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.