UPDATE (2/14/2011): A jailbreak (not unlock) for Verizon iPhones running iOS 4.2.6 is now available. Click the following link to learn about how to jailbreak the Verizon iPhone.

Since Verizon's iPhone 4 launch announcement yesterday, the web has been rife with speculation on how soon we'll see the Verizon iPhone 4 jailbroken and unlocked. Will the iPhone Dev Team focus on the CDMA iPhone unlock, or just the jailbreak of iOS 4.2.5? If an unlock does become available for the Verizon iPhone, will Sprint embrace the CDMA iPhone? Some say it will happen, some say it won't. Except there's only one problem ... the CDMA / Verizon iPhone 4 isn't locked in the first place. Why? Because CDMA phones aren't locked.

Verizon Wireless and Apple today finally answered the prayers of millions of Verizon's 93 million service subscribers by announcing that the iPhone 4 will become available on the Verizon Wireless network in less than a month. Needless to say, those of you Verizon customers out there that have been long awaiting this day are likely full of questions, and we're hoping to help you answer many of them.

Here's the scoop from Verizon's special event in NYC: a CDMA-compatible version of the Apple iPhone 4 is coming to Verizon Wireless and Apple stores on February 10, 2011. Pre-ordering for existing customers will commence on February 3, 2011. Subsidized prices with a two-year service agreement will run $199 for the 16GB iPhone 4 and $299 for the 32GB model.

The Verizon iPhone 4 has a redesigned antenna, which is a CDMA optimization. Verizon employees will start getting the iPhone 4 this week, and Verizon has been working on scaling up its systems to prepare for a flood of data demand.

Google has updated the Google Mobile app once again, this time to version 0.7.3.5675. The notable changes are added functionality to the Google Goggles part of the app centering around photo recognition. For those not familiar with Goggles, the app recognizes images and allows users to search using a photo taken with their iPhone camera.

The new version will recognize print ads from August 2010 forward, making it possible to simply snap a photo of a magazine or newspaper ad to get more information about a product or manufacturer online. Not only this, but Google has incorporated a Sudoku puzzle solver into the mix. Snap a photo of the puzzle that has you stumped and Goggles will show you the solution.

Remember when AT&T required that all iPhone users pay for an unlimited data plan? Now that the carrier restricts new iPhone contracts to a choice of capped data plans, Verizon Wireless will initially offer its own unlimited plan to iPhone users for $30 per month.

Although this is slightly more expensive than AT&T's 2GB DataPro plan for $25, Verizon is banking on the strength of its network to lure subscribers to a CDMA-compatible iPhone. Analysts have estimated that Apple could sell up to 12 million Verizon iPhones in the first year of release.