I think this makes the iPhone look a lot less glamorous:

Beginning today, Verizon Wireless customers who want to enjoy the best customer experience in wireless, but don't want to sign a one- or two-year customer agreement have a month-to-month option. The new Month-to-Month agreement is an extension of the company's overall commitment to delivering its customers quality products and services over the nation's most reliable wireless network, while providing the industry's best customer service.

Now there's a better set of choices in the two big systems: a 2 year hitch with AT&T, or a much simpler and saner sounding option with Verizon. CDMA or no, I think Apple should go dual band and make it possible to use the iPhone on Verizon.