Verizon was responsible for a leak last month that included a device in its roadmap called the LG Cayman. The device was supposed to debut on March 29th and today we get an extra leak, courtesy of Pocketnow, that reveals the handset’s new name, LG Lucid and some of its features. We’re dealing with a budget Android smarpthone, that’s pictured below.

This device packs a 4 inch 800 x 480 pixel display, 1GB of RAM, a 5 megapixel camera with 1080p video capture and a front facing camera for videocalls. No price point has been revealed yet, but I expect an amount close to 0 here, of course on contract. 4G LTE connectivity could be the selling point of this budget smartphone. I wonder what price this handset will sport without contract, since I have a feeling that that the “budget” price won’t be that affordable any more.

For comparison sake, the LG Spectrum with a 720p display and dual core 1.5 GHz processor costs 9 right now. Are you ready to get a 2 year commitment to a carrier for what looks like a midrange phone? I’d rather do it for a high end handset, if you ask me…