Still, seeing confirmed speeds of 32Mbps download pumped to you without any cables attached is a revelation. That is what MSNBC has managed to obtain with full bars in Seattle, and Verizon had said "yep, it's possible". With less than stellar signal strength, download speeds range from 7-9Mbps, which is still more than what your home broadband probably supplies to you.
The spot tests are from New York, Seattle, Philadelphia, Arizona and Boston. From what Verizon's CTO Tony Melone said at the press conference the other day, it is clear that Big Red is aiming for providing enough capacity and stability of the network, so these insane speeds will probably be valid for quite a while anyway.
At those prices, though, it doesn't really matter if you will eat your 5GB for $50 allotment in a few minutes or two hours - these data caps will last a month only if you do light browsing and checking email anyway. Downloading or streaming a couple of movies can eat your 5GB or 10 GB allotment in a heartbeat, and then the $10 per GB overages kick in.
And we thought those $95 for 30GB that European carriers are charging for LTE per month sounds steep. Verizon obviously doesn't want you to replace your FiOS broadband with LTE service anytime soon. There is always a price for being an early adopter.