The company says customers will see speeds of 5Mb/s to 12Mb/s for downloads and 2Mb/s to 5Mb/s for uploads -- seemingly faster than Clearwire/Sprint's WiMAX. Verizon's LTE will halve the latency of 3G at about 30ms and will cope better with intensive tasks such as two-way video and multiplayer gaming.
We haven't seen anything about pricing or plan options, but the company did announce that a slew of LTE devices are on the way. Come CES in January, Verizon will "show half-a-dozen smartphones and tablets from the top OEMs in the world." Those devices will be available in the first half of next year.