The Apple/Verizon relationship is formalized in a multi-year, non-exclusive agreement. However we have no additional details, including whether or not release schedules will be synchronized with AT&T.
At Verizon's press conference there's a lot of mutual respect sharing between the two companies. It looks like there's a desire to establish that these two companies want to work together and will continue to going forward.
Existing VZW customers will be able to pre-order the iPhone 4 online on February 3rd, 2010. A week later, on February 10th, everyone will be able to order the Verizon iPhone 4 both online and in Verizon stores as well as at the Apple store (both online and at physical stores).
The phone will sell for $199.99 for a 16GB version, and $299.99 for the 32GB version. The Verizon iPhone 4 will feature wireless hotspot capabilities allowing you to connect up to 5 devices to it over WiFi. Verizon indicated that you wouldn't be able to use voice and data simultaneously, consistent with other CDMA devices on its network.
Gallery: The Verizon iPhone 4
More as we get it.