Bad news, Verizon users. The rumors were true, and Verizon will be ending its unlimited data plan this July. According to AllThingsD, Verizon confirms it's moving "to a more usage based model in July," with exact details to come later on.
Unfortunately, it's unclear what Verizon still plans to do -- the company has said that its unlimited plans were always only for a temporary time, though AT&T, of course, grandfathered its unlimited plans in (and I'm still using one, though I can't ever change it or add things like hotspot or tethering). It sounds like Verizon wants to shut down the plans for good, but there may still be a chance for someone on an unlimited plan currently to keep it.
We'll have to see. In the meantime, yes, change is in the air for affected Verizon users. With mobile bandwidth rising as quickly as it is, these companies are pushing as quickly as possible to move towards more usage-based plans.
*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.