According to BusinessWeek, Apple and Verizon are talking about more than just an LTE iPhone for 2010. The companies are discussing launching two devices, including one that might hit as early as this summer.
I'm not sure how the "iPhone Lite" product fits in with AT&T's exclusivity deal, but the "media pad" sounds a lot like the Apple tablet that has been rumored since last year. If anything, it makes more sense for the tablet to launch this year, just so that it doesn't infringe on AT&T's rights.
Furthermore, it looks like the companies are having substantive talks and this isn't just Apple posturing to get a better deal from AT&T, as some people have suggested. If Apple is at the point where it's prototyping devices for Verizon then you can safely bet that the talks will result in product(s) for the latter, unless everything goes woefully wrong at the last minute.
A lot of you were excited about the potential of an LTE iPhone on Verizon. How about an iPhone Lite or an Apple tablet on the network? Do either or both of those devices have you salivating?