Moto X May Make Motorola Relevant Again

With an expected $500 Million dollar marketing campaign to announce its arrival and Eric Schmidt public unveiling - does Motorola have a contender to fight back Apple and Samsung?
The Moto X is expected to hit the street at $199 with a contract. According to the rumor mill, it will boast  the latest version of Android (4.2.2) -NFC, 4G LTE MIMO dual antenna,  Bluetooth 4.0 + EDR, 802.11ac Wi-Fi and a 720p OLED display.
Maybe Motorola is back and relevant again.