In case you haven't seen the device in question, it's a rather large (we mean seriously large) USB dongle, which thankfully comes with a clip and extra cable. Like all LTE devices, it uses a SIM which will look familiar to those in GSM devices, but is -- again -- almost comically large.
LG VL600 LTE modem
We haven't spent a load of time with the modem, but in the few short hours we've had to play with the device, the down- and upstream speeds we're getting are nothing short of phenomenal. In Brooklyn, which we're not even sure is really heavily covered by the LTE blanket (and was being battered by rain and wind at the time of testing), we saw consistent speeds which peaked at 7 Mbps down, and over 1 Mbps up. Overall, speeds held steady around 5 to 6 Mbps down and 1 Mbps up. By comparison, we saw around 4 Mbps down and less than 1 Mbps up when we did some testing with Sprint's WiMAX Overdrive 4G, and roughly 6.5 Mbps down and 1 Mbps up with Clear's iSpot.
Overall, browsing on our computer felt nearly identical to our home broadband, and even HD video playback on YouTube was snappy and responsive over the network. And did we mention we were only getting two out of four bars on our connection?
Update: We've added a link to SlashGear's hands-on of the modem below. As you can see, speeds vary by area, and SG was pulling 12 Mbps downstream and more than 5 Mbps up -- impressively matching Verizon's claimed numbers.
Update 2: With a little more testing, we're seeing speeds closer to Verizon's estimates. We've added a second image after the break, and as you can see, we're nabbing over 10 Mbps downstream and nearly 4 Mbps up.
Regardless, if you've got a PC and a need for some real bandwidth on the road, Verizon's LTE rollout is looking better with each passing moment. If we weren't completely sold on this technology as a real contender for the future of cellular networks before today, we certainly can't say the same right now.
*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.