After yesterday's launch of Optimus V on Virgin Mobile USA for $150, MetroPCS, another prepaid carrier, just followed the same suit and dropped the price of its own Optimus variant, the Optimus M, from $229 to $149.

The $80 President's Day price drop consists of an instant $30 discount and a $50 mail-in rebate, valid on purchases made from February 1st (that's today as of 5 hours ago) and February 28th. Free 2-day shipping is included with all phone purchases.

A quick spec recap: the phone comes with Android 2.2, 600MHz processor, 512MB of RAM, 512MB of ROM, 3.2" 480x320px screen, Wi-Fi b/g, Bluetooth 2.1 with EDR, 3.2MP camera, and a 1500mAh battery. Reviews for this device are glowing, and if you are considering Metro PCS with its prepaid, no-contract plans starting at $40, the LG Optimus M would be a very good choice.

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Link to rebate form.

Source: Metro PCS via FatWallet