BREAKING: BGR just reported from the HTC EVO 4G event, the world's first 4G phone, will drop onto Sprint exclusively on June 4th, 2010 for $199.99, which probably kicks Palm Pre to the curb and makes the EVO 4G Sprint's phone to beat.

UPDATE (7:43pm): The phone will be a full $450 without the two year contract. Plus, there is a mandatory $10 per month "Premium Data add-on" that needs to be added to your plan. Full details of the first 4G phone can be found here.