Coming in February, the Iphone 4 will be available to Verizon subscribers.  According to

“If the press writes something long enough and hard enough, eventually it comes true,” Verizon CEO Dan Mead told the room. “Today two industry innovators are coming together to provide something customers have been hungry for years.” Existing Verizon customers will be able to pre-order the iPhone 4 on Feb. 3, with in-store and online orders opening up to everyone on Feb. 10. The 16GB iPhone 4 will cost $199 and the 32GB will cost $299

More info to come on data pricing as it becomes available.

**Update, from**

For now the Verizon iPhone will not take advantage of Verizon’s new 4G network but instead will use the 3G CDMA network, which is generally slower than AT&T’s 3G network.

“The iPhone is built for speed, but that’s not what you get with a CDMA phone,” said AT&T spokesman Mark Siegel. “I’m not sure iPhone users are ready for life in the slow lane.”

Because the new phone uses 3G, it won’t be able to make voice and data calls at the same time.

Regardless, Verizon says it’s ready for the boost in usage demand expected from iPhone customers. It’s had time to study AT&T’s stumbles and to test its network against data-hungry Droid users.

When asked about the rumored iPhone in an interview last week, Verizon Wireless CEO Dan Mead stressed the network is prepared to handle the type of high data load that an iPhone would require.