We’re live at the Motorola and Verizon media event and they just announced the Moto ACTV, a tiny iPod nano-like device designed specifically for fitness. The device is bundled with the wireless SF700 handset & ear based heart rate monitor and sports a 1.6-inch full-color touch display made of Corning Gorilla Glass, a 600Mhz processor, FM radio, WiFi, and Bluetooth. The device itself is 46mm x 46mm x 9.6mm and weighs in at 35 grams.

The ACTV allows you to track your running, walking, cycling, calories burned, and includes GPS features for tracking workout routes– an all around Nike+ iPod nano competitor. They also demoed its ability to transfer calls from an Android device, such as the also unveiled Droid RAZR, to the SF700 headset. The headset has a biometric sensor that allows you to bypass the need for a traditional heart rate monitor strap and also builds in other features specific to the ACTV’s ability to track fitness stats. The device will also automatically sync all your stats over WiFi and make them accessible at the Moto ACTV website.

Motorola is promising five hours battery life for workout/outdoor related activities, two week standby, and ten hours for music playback/indoor activities. The device will work with any Android phone, reports The Verge, and will do so via a syncing app available from the Market upon launch. They also went hands on, video after the break.

The Moto ACTV will become available November 6th for $249 (8GB) and $299 (16GB).

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