Just as we reported last week, the HTC Droid Incredible 4G LTE will launch on Verizon July 5th. The device will cost $150 with a new 2-year agreement after a $50 mail-in rebate. The Incredible 4G LTE is packing a 1.2GHz dual-core Snapdragon S4 processor, 1GB of RAM, a 4-inch qHD display, Ice Cream Sandwich, and Sense 4. One misconception is that the Incredible 4G LTE is part of the One line of devices. While it does feature many of the same features, it does not have the same image processing technology as devices like the One X even though it has an 8MP camera.