iPhone 5 for Verizon sometime this year?

Every thread I read about iPhone 4 for verizon I see people saying that there is no point in getting it because iPhone 5 is coming out this summer or something. Is there anything to back this rumor up? I have to pay the full retail which is pretty steep for something that will just get replaced in a couple months... If there is any information on this then, will the new iphone for verizon be on the LTE or the CDMA? Thanks a lot