In a press release, Verizon said:
Verizon will be selling the iPad in three bundles which will differ by storage capacity: a 16GB for $629, the 32GB for $729 and the 64GB version for $829. All three bundles include a Wi-Fi only iPad + Verizon’s 3G-based Mobile Hotspot MiFi which can connect up to 5 Wi-Fi gadgets simultaneously. VZW will also offer the iPads stand-alone i.e. without the MiFi.
This is not contract-based. You’ll be paying $20 per month for a 1GB allowance (pretty low considering you get 2GB with AT&T’s 25$ 3G deal).
AT&T will also start offering the iPad with the exact same rates on the exact same date. AT&T’s iPads will be WiFi + 3G sans the external hotspot.
The iPad will be available from Verizon and AT&T stores across the nation on 28th October. Are you getting one?
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