When we last heard about the Samsung Galaxy Stellar we knew it would be a low priced budget friendly smartphone for Verizon, but today they’ve taken the wraps off of the new mid-range smartphone and it’s looking quite good. The Galaxy Stellar will net you Ice Cream Sandwich and 4G LTE all for free with a new contract so check it out.

Yup, you read that right. This might not be the most powerful device from Samsung or Verizon but it offers Android 4.0 Ice Cream Sandwich in a decent package and 4G LTE speeds and won’t cost you a penny. The full specs include a low res 4.0-inch WVGA 480 x 800 display, 1.2 GHz dual-core processor, 1GB of RAM and a few cameras.

It isn’t all free though. The device will run you a new 2-year contract and a $50 mail in rebate so you will be spending a few dollars out of the gate. You’ll also get a 3.2 megapixel rear camera and VGA 1.3 front for video chatting and those lovely self portraits.

The Galaxy Stellar is aimed and new smartphone buyers with a “starter mode” to make usage and navigation easier for newcomers to the smartphone world (because it’s 2012) and they’ve even bundled some of Amazon’s most popular apps with the device. Just like the LG Intuition announced earlier this morning the Samsung Galaxy Stellar will hit Verizon September 6th and will only run you a $50 bill.