Google acquired Motorola Mobility for $12.5 billion. Now, Motorola is cutting 800 jobs (which is going to cost them roughly $31 million). Motorola has been coming up with some new smartphones that look quite promising. Specifically, the new Droid RAZR (not your old flip phone) and a host of other Android devices using the "Droid" name like the Droid Bionic, the Droid 3, the Droid X2, the Droid Pro, etc.
The overuse of the term "Droid" has caused many to refer to all Android devices as "a Droid." However, the Droid name is limited to Android smartphones on Verizon. None of the other carriers like AT&T, T-Mobile, or Sprint are using "Droid" in the names of their Android devices.