Virgin Mobile USA has announced their latest Android smartphone. The handset is the Kyocera Event and it joins the pre-paid device lineup with a price point of just $79.99. Of course, given the low contract-free price, one may come to the assumption that the specs are not what could be described as high-end. Truth be told, that would be true, but remember -- the point here is a low handset price and a low monthly price. And to achieve that, you sometimes need a trade-off.