The wait is over. Verizon Wireless just officially announced that it too now has the iPhone, ending AT&T's exclusive deal with Apple.
CNet News is live-blogging the event here.
As we said earlier, All Tech Considered has lots of answers about all this.
Update at 11:18 a.m. ET: CNet says Verizon Wireless' existing customers will be able to order the phone starting in early February. Prices: $199 for 16GB and $299 for 32GB. Two-year contracts required.