 Hey everybody, this is Sean with The Verge, and I'm holding in my hand the second generation Moto E. We just got it delivered to our office this morning. At first glance, it looks pretty similar to last year's version, but there's actually a couple key differences. They've removed the backplate system on last year's Moto E and Moto G, and changed it to this ringed color system, so if you want to customize your phone, you're going to actually get these different color ring options, including a couple that are actually solid plastic backplates. Another key difference here is the screen. It's bumped up to 4.5 inches this year. The display is still 540 by 960, though, so you're not getting anything terribly high-res. Another key difference of this year's Moto E is that it's a lot faster. It's got a Qualcomm Snapdragon 410 processor in it, and from the first look, it looks like you're able to get through apps, go through Lollipop really quickly, and even use the new camera launch feature pretty quick. There's a 5 megapixel camera on the back, but the front-facing camera that got added this year is just a VGA camera, so the resolution's not really that great. The new Moto E is going to be the cheapest phone in Motorola's lineup. It's going to cost $149 off-contract. It's a little bit more expensive than the $129 of last year's Moto E, but it's still going to cost you less than the Moto G or any of Motorola's premium smartphones. If you're looking for a premium smartphone, this really isn't an option for you, but anybody looking for a cheap phone off-contract now has probably the best option around in the new Moto E. It's an LTE phone. It runs great. The Motorola's great design, and it's only going to cost you $149.