Funny thing - I recently purchased a RAZR V3xx from the Motorola store, and it functions great - excellent reception, impressive battery life, and real fast data speeds over Cingular/ATT's (T) 3G/Edge network. I would easily recommend it to others. Unfortunately, few of my friends or relatives will spend more than $50 on a cell phone.
Even with $10B in cash on the balance sheet, until MOT can find a way to stop discounting its products, de-program the public from expecting nearly free phones, better manage its carrier relationships, and thus bolster operating margins, its shares will not recover. I don't know when that may be, but if I knew the answer, I'd say not soon.