2) The iPhone v5 will be GSM with a CDMA variant to follow likely 3-6 months later. This seems the most likely to me as it would give the Verizon iPhone4 a decent sales lifetime of ~9months. Plus it would also set the stage for an iPhone v6 in the usual July timeframe likely introducing a dual mode chip. Actually, I think they would then likely just release an LTE variant at that point as the carries are supposedly migrating to it within that timeframe.