Verizon's iPhone 5 to Remain Unlocked for GSM Networks
Top message: VERIZON! by johnhr2
Replying to: Re: VERIZON! by dlmjr
Doesn't releive you of your contract with Verison.
Pretty much meaningless.
Get an iPhone5 for 199.99 on a Verison line, move the phone to an ATT line, you are still under contract to Verison and must pay the monthly bill as if the device was active on the line. Or, pay the early termination fee.
Some people will actually buy the phone outright.
The more people that are able to purchase the phone , potentially the more valuable the phone will be for resale.