An Android 2.1 handset for less than $50? This sells like hot cakes, let me tell you.

Mobile Syrup has it on good authority that the previously-speced Liquid E will be debuting some time in June for $49.99 on a three-year contract, and $349.99 off-contract. The phone’s price is much lower than phones with similar hardware, though it is not known whether this particular model will have an underclocked Snapdragon processor running at 768MHZ or a full-clocked one running at 1GHZ.

Stay tuned for official pricing details.Rog