The new AT&T Sony Xperia ion 4G LTE retails for $99.99 with a two year contract and has a 12mp rear camera.
More after the break.

The ion is an Android powered smartphone with a nice brushed aluminum finish on the back and the following specifications.

• 1900 mAh battery
• Android 2.3.7
• 4.6" 1280 x 720 display
• 16GB internal memory
• 1Gb RAM
• Dual-core 1.5 GHZ processor

I will post a full revive of the camera and OS in the next week.