Verizon's model of the new iPad is identical to the AT&T unit, except that it is capable of running on Verizon's 4G LTE data network (as well as 3G EVDO Rev A) - while the AT&T model uses that carrier's 4G LTE and HSPA+ networks.
We used the SpeedTest.net app on the new iPad for Verizon over a 24 hour period to see what type of speeds it was capable of.
During peak times in the Ft Lauderdale area, the Verizon iPad would get download speeds between 5-6 Mbps and uploads around 2 Mbps. But in off-peak times (evenings and nights) we saw download speeds ranging from 11-13 Mbps and uploads of 4-5 Mbps.We also used a Motorola DROID RAZR MAXX for Verizon and got similar results with it. For web pages, the Verizon iPad was able to fully load the PhoneArena.com web site in 15 seconds, while the Motorola DROID RAZR MAXX took 20 seconds (because of Flash content). Meanwhile, the AT&T iPad (which is in the New England area) using HSPA+ would get 8 Mbps downloads in off-peak hours, but would increase to 10-16 Mbps when connected to AT&T's 4G LTE network in off-peak hours.
It is clear that 4G LTE does make a noticeable difference when using the iPad's data features.
Below is a short video showing the Verizon iPad in action with the SpeedTest.net app and also loading web pages in the browser in the Ft Lauderdale, FL area. Please keep in mind that 4G speeds will vary depending on your area, network congestion, and time of day.