Motorola Xoom is not selling for USD400 after a two-year contract as rumored. The latest official update has indicated that Verizon will be launching Xoom slate by this February 24th. A new two-year contract agreement will be priced USD599, while purchase without any contract will be USD799.99. Monthly 1GB data plan is subject for additional USD20.

Motorola-Xoom-slate

For those of you looking for the 4G LTE version, you will need to wait till second quarter this year. No further info about pricing and availability for the WiFi only version.

[ Source: SlashGear ; Motorola Xoom ; Verizon Wireless ]