If you ask me, this is one too many rumors not to be true -- eventually, we'll see an iPhone on the Verizon network. But I'm hesitant to agree it'll be announced as early as next week. This is a big deal with a lot of tangles, and I doubt Apple wants to rush it out the door, especially with the much more likely tablet incoming. I do believe we'll see a new version of the iPhone, and it will be Verizon, but Apple's got time. I'm guessing we won't see an official announcement until later on this year.
*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.