i hope this is true. Verizon always finds a way to disable hardware in phones so people are forced to pay for their services (gps, ringtones, bluetooth). I have a verizon wireless phone that is capable of gps and transferring data through bluetooth but verizon limits what I can do. Steve wouldn't let that fly!
Also it would be interesting to see how the app store would work, verizon would want a cut i'm sure.
His Steveness would never allow the Verizon badge/crapware to spoil the iPhone. As for wanting a cut of the iTunes store or the App store, Steve will tell them to cram it up their ass. The Verizon iPhone will be 100% pure Apple, the only difference being "Verizon" on the status bar rather than "AT&T".