It appears that when Verizon turned down the iPhone when Apple approached them first, the company had a good reason. The company believes that the exclusivity of the phone won’t do much to help AT&T. Instead, Verizon hints that it has a superior network and cellular technology. “The issue is not the Apple-ness of the iPhone itself, but with the cellular network that it is running on. That will be the true test of the iPhone: What will the iPhone experience be?” said Denny Strigl, Verizon’s chief operating officer, insinuating that AT&T’s network is sub-par. Strigl confirmed that Verizon is already working with an unnamed manufacturer on a phone that will directly compete against the iPhone. “We do have a very good response in the mill. You'll see that from us in the late summer,” said the Verizon CEO.
News source: DailyTech

They working with Microsoft
Samsung I-760
or the
HTC PPC 6800
But seriously though, when I had Cingular I could hardly get reception in my own home. I'm so glad I switched to Verizon. I get reception everywhere I go.
I'm in a metro area, so I don't get out in the "sticks" much, so I've always had good voice service. I don't
use their data packages, other than SMS
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