Most would consider the month of July to be early third quarter so that's what I'm expecting. Now whether they meant early 3Q 2012, 2013 or 2014 is debatable.
A buddy of mine has the Razr, they got it last week. I asked and so far, he hasnt seen any bugs or any issues at all, and he is totally in love with his phone now lol so thats a good sign.