Consumers may be strapped for cash this year with Christmas approaching, but if there's one category which analysts expect to do well despite the downturn, it's smart phones. Analysts have called for Apple, Inc.'s (NASDAQ: AAPL) to reduce its price on the 8GB iPhone to $99 (with a two-year AT&T contract), though reports that the company might scale back production point to somewhat depressed demand.

Will Verizon Communications (NYSE: VZ) finally have its iPhone contender; and just in time for the pre-holiday frenzy? Boy Genius Report has received a leaked presentation from Verizon management that indicates the Research in Motion (NASDAQ: RIMM) Blackberry Storm will be released in a "pre-launch special event" on November 20, the Thursday before Thanksgiving. The document indicates the Storm, Verizon's first chance at an iPhone-like device, would be available for testing and pre-ordering at 123 company stores, which would open an hour early for the extravaganza. Actual launch throughout the U.S. would occur on the 24th and 25th, Monday and Tuesday.

The Storm has no physical keyboard, instead using the touch-screen technology similar to the iPhone, a camera, and visual voicemail. Pricing will be $199.99 with a two-year agreement. With Verizon planning to stock plenty of these devices, the iPhone-style frenzy may not exist, but it should be popular for consumers who have been captive to Verizon for one reason or another -- and those whose loyalty lies with the Blackberry. Will this be the holiday season of the touchscreen smart phone? RIMM and Verizon can only put their nightcaps on and dream.