The Wall Street Journal is quite confirmed that the first Android phone, T-Mobile G1 or HTC Dream, will be priced at $199. The $199 also required you to sign up a mobile service contract or else you will be paying a higher price for it.

The Android phone is set to be announced on September 23rd. Our sister site AndroidCommunity.com will be doing a live blogging through out the event with hands on report so make sure you visit the  http://live.androidcommunity.com on September 23rd for the live report!