Kevin C. Tofel writes: "That's right, you'll be paying full price for a handset with no contract, but at least you now have the option of bringing your own CDMA handset to the network. That's something the GSM-based customers of AT&T and T-Mobile have done for years due to their easy-to-swap SIM cards.
In practice, I'm not sure it will be as easy as that however. You'll likely have to involve Verizon Wireless each and every time you want to switch handsets because there is no SIM card involved. The press release doesn't mention the particulars of how this will all work, so if you have half-a-dozen CMDA phones under your mattress, you might want to think this all through."