There are some disturbing new reports right now that the Motorola Droid Bionic (codenamed Etna) has been cancelled and will not be released. The reasons cited for the demise of the superphone are actually a combination of factors. First, the phone has been plagued with battery and heat issues during its development phase. Additionally, the handshake between the CDMA, EVDO, and LTE radios was very problematic. Apparently, the Atrix experienced these same issues, but they were able to be fixed.
To further complicate the issues, the longer that Motorola delayed the release of the Bionic, the closer it would put it to the release of other more advanced phones in the third quarter, thus causing Motorola to compete with itself on its own products. Apparently, Motorola has instead decided to ramp up production on the Targa to replace the Bionic as their 4G phone.
Interestingly, this could actually end up being good news for two reasons. The first is that it is entirely possible that when Verizon actually gets the Targa, they will rename it the "Bionic" since "Targa" is just its internal codename. So, it's possible that we will still get a "Bionic", just in a different form, and a bit later than expected. Additionally, whether they name it the Bionic or not, the Targa is supposedly a much better phone. It too has a dual-core CPU, 4g LTE, and a 4.3" display, but it also has a 13MP camera and gets high praise from within Motorola testing circles. For now, we are calling this one a rumor, but several sources seem to indicate that it will probably be officially announced soon.
Source: Phonarena and MyDroidWorld