UPDATE: See live photos and our exclusive take on the Motorola Q over in our MOTONOW coverage article

MOTONOW – Motorola has taken the wraps off its BlackBerry competitor, it’s called the Moto Q. Motorola is billing the handset as the smallest QWERTY phone on the market.

• Windows Mobile 5.0 OS
• 1.3 megapixel camera
• Out of the box support with Exchange 2003
• RAZR thin design, .45″ thick

The Moto Q is expected to be available in Q1 2006. Pricing or potential carriers were not announced (according to Motorola the Moto Q could ship in GSM or CDMA without significant style changes).