I think the silverish one is prettier, but if you're into black RAZRs, Cingular is carrying them. Sez Mobilemag:
Retailing starts today and you can get it right away in a 2 year contract. Some new personalization features being offered by Cingular is engraving on the back of the phone for a mere $19.99. Phone price? $199.99.
Motorola Special Edition Black RAZR V3 on Cingular [Mobilemag]