Pretty much what everyone expected. The same phone on Verizon's CDMA network. The only a few things I noted were... 1. You can use it as a WiFi Hotspot 2. Redesigned antenna (obviously) 3. Verzion isn't getting the 3GS (which is probably why AT&T was so quick to drop it to $49)
Incoming calls will interrupt data activity. (Will interrupt hotspot) ArsTechnica has an excellent live blog going of it. http://arstechnica.com/gadgets/news/2011/01/liveblog-of-veri...
[edit] what I expect is this: if I'm connected to a wifi hotspot to browse the Internet and I receive a telephone call, I should not drop the connection to the hotspot (am I wrong in understanding that this is NOT what this iPhone does?).