Verizon is launching the Motorola Droid (Sholes) in November and a second Motorola Android phone is coming soon after. BoyGeniusReport has leaked new pictures of the Motorola Calgary. The new device features MotoBlur and it appears to be aimed at the mid-level market while the Motorola Droid targets the high end. No CPU specs are available yet, so it is hard to determine exactly where this device will fall.
BGR is claiming Verizon might ship the device in Q4 2009, but I would be surprised if it arrived before Christmas. Motorola has repeatedly stated they would have 2 Android devices this holiday season and we already have the T-Mobile Cliq and the Verizon Droid.