New year means a new price for the Verizon-branded Galaxy Tab. Droid-Life has received word from a couple of VZW store employees that the big red network intends to chop a nice $100 chunk off its price for the 7-inch Android tablet. Though this move hasn't yet been made official, the Galaxy Tab should soon be available to buy for $500, without any contractual obligations and plus a $60 movie rental voucher that can be redeemed in Samsung's Media Hub or the preloaded Blockbuster Mobile app. You shouldn't freak out if you've just bought a Tab either, as Verizon's also said to be offering a benevolent refund for the difference in price to buyers of the Samsung slate who happen to have receipts dating from the last 14 days.

*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.

Switched On: The 2010 Switchies