Sure, it would have been more exciting if Verizon launched its version of the iPhone with an incremented version number and splashy new hardware capabilites -- LTE! Super-Retina display! Downward-facing camera! -- but as expected, the new beastie is essentially the same as the existing iPhone 4 model.
The primary difference is that Verizon's iPhone 4 is a CDMA unit, not GSM. This of course means that users cannot migrate their handsets between AT&T and Verizon; they have different radios and will only work on their respective network flavor. (Worthy of note, though, the Verizon agreement is non-exclusive, so a Sprint-centric CDMA iPhone is not an impossibility.)
The CDMA phone is