Here’s what we know:

LTE network launches December 5th.
38 Markets at launch, 60+ airports.
5-12 Mbps download, 2-5 Mbps upload, claiming up to 10 times faster than 3G.
Two USB devices available at launch, $99.99 each after $50 rebate.
5GB plan for $50, 10GB plan for $80, $10/GB overage standard on both plans, no usage limit, no speed throttler
Expected to expand to full coverage by or in 2013.

Here’s what we don’t know:

When an LTE phone will launch.

Verizon will announce it’s first LTE-capable phones at CES (Consumer Electronics Show) in January.  In the Q&A they clarified that we would be seeing an LTE smartphone “by” mid-2011, but not necessarily “in” mid-2011.

We’ll update you with more as or if it comes.

This past Thursday, Verizon unveiled their tiered data pricing for smartphones as well as new pricing for aircards, netbooks, and feature phones.

Tiered data is something that a lot of customers hate to hear because it typically means the end of unlimited data, and even though few users actually need unlimited data, we all like hearing the word.

Whether you’re a long time Verizon customer, or someone considering opening up new service, hit the “read more” link below to find out how these new plans affect you.