Motorola XOOM to cost $599.99 on contract, will be upgradeable to LTE in Q2 of 2011

Verizon officially announced the pricing details for the first Honeycomb-powered device - the Motorola XOOM. It will cost $599.99 with a two year contract, while the unsubsidized price will be $799.99. The tablet is to be launched on February 24.

Big Red also announced that the cheapest 3G data plan for the Motorola XOOM is to cost $20 for 1GB, and that the tablet will be upgradeable to LTE in the second quarter of this year. The good news is that this upgrade from 3G to 4G will be free of charge.

Yesterday, we reported that the Motorola XOOM won't support Flash at launch, but according to Verizon this perk is scheduled to appear "soon as a free download".

Is $599 on a contract a fair price for the Motorola XOOM?

source: Verizon