As has been said, this is not a limit of verizon, but is rather a limit of the iPhone. My razr maxx has no problem talking and surfing at the same time on 4g.
Well, it depends who you want to blame. It most certainly is a limit of Verizon(CMDA), but other phones have done things to work around the limitation and Apple -to date- has not.
As I understand it, the only way to have a CDMA(Verizon) voice call and and an LTE data session at the same time is to power up two radios simultaneously, which some other phones, like the razr maxx, do. This impacts battery life and requires other engineering compromises, which Apple has so far been unwilling to make.
So, is it the fault of Verizon's CDMA network? Yes absolutely it is. If Verizon were to change to GSM, or were to enable voice over LTE, then the iPhone 5 and earlier iPhones could do both at the same time.
This problem does not exist with AT&T on an iPhone because TDMA/GSM can have a phone and data channel open at the same time on the same radio/session.
CDMA also creates other wonkiness with how call waiting/conference calls work as well, issues which do not occur with TDMA/GSM.
Is it also Apple's fault? Well yes, sort of, other phones can do it. Apple could design around the limitation by powering two radios at once, one for CDMA voice and one for data. In the past, they have said that it required engineering & design compromises that that are unwilling to make.
My guess is that at this point Apple is no more likely to engineer a kludge for this CDMA limitation than they are to support Adobe Flash.
I would love to be wrong on this, maybe Apple has given in, or maybe Verizon is getting it's act together on Voice over LTE.
Anyone know for sure?