The Droid X has been a popular member of the Verizon family of Android-powered smartphones since its release in May of 2010.  So it shouldn’t come as much of a surprise that Motorola’s production of a successor is now well underway.

The Droid X2, as it is being called (at least in development) is shaping up to be a mobile powerhouse – if the early information turns out to be correct.  First, there’s the Android phone’s processor, which is said to be the dual-core Cortex-A9 Tegra 2 from nVidia.  Add to that a reported 540×960 4.3-inch display, along with the current Droid X’s array of wireless radios, 8MP camera and HD video support, and the X2 could prove even more popular than the first.

The only real mystery surrounding the Droid X2 is its wireless data support.  Some say it’ll include LTE hardware, while others believe it will not.  But given the fact that Verizon’s first LTE Android phone, the HTC Thunderbolt, is just days from release, if the May 2011 X2 release rumor holds, LTE may very well be part of the package.

We’ll keep you posted.