The second iteration of Motorola's budget smartphone has a 4.5-inch display, Qualcomm Snapdragon 200 processor, 4G LTE connectivity, and comes loaded with Android 5.0 Lollipop.
http://www.notebookcheck.net/Second-gen-Moto-E-comes-with-Lollipop-and-costs-99-USD.136070.0.html
Hope this new Moto E will get back cover clicking fixed and camera will get auto focus this time (it's 2015 for god sake).
Sometimes it has to be 2010 in some departments to keep the price low... and cameras are usually the first ones to be hit, next to the display.