Verizon is expected to announce they have become a second carrier for Apple's iPhone4. Notice it is not a new product, but an existing product that has already been around for 7 months by the time Verizon gets it. This is why the announcement is coming from Verizon and not Apple.
Apple will announce a new iPhone in June, as they have every year since 2008. It'll go on sale later that month, or in early July, as it has every year. That's six months from now. And it'll be better than the iPhone 4 in some tangible way. Maybe not on the order of the leap from the 3GS to the iPhone 4, but it'll have something new to offer. And everybody will want it, because that's how things seem to work with Apple: There's just enough new to make whatever Apple product you've currently got in your hand feel deficient in some way.
But the people who just bought on an iPhone 4 with Verizon will be locked into new 2-year contracts. Their new phones, though maybe better at holding calls better than their AT&T counterparts, will still be old news just a few months after birth.
It's virtually guaranteed that the next iPhone will come to AT&T and Verizon at the same time (there might be some gap, but it will likely be small—after all, Apple doesn't want to hose their 100 million potential new customers). So if you're on Verizon, itching to the pull the trigger, do yourself a favor. Just wait. You've held on for years. What's a few more months?
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