While it would be ideal for Apple to have one model of iPhone that would work on nearly all wireless providers in the world, the technology just doesn't appear to be there at this point. Kumar points out that even though the hardware is in development, the software necessary for the basebands of such devices doesn't even exist yet but would get there eventually.
So that's one vote against a 2010 debut for the Verizon iPhone, despite the corroborating rumors from other supply chain analysts. As eager as everyone is for an alternative to AT&T in the USA, I don't think this is the last we'll hear of the story.
*Verizon is currently in the process of acquiring AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.