Just a word of caution to anyone out there with an itchy credit card finger: signing up for a contract with Verizon just became a considerably more binding affair thanks to a big boost of its contract early termination fee from $175 to $350. Rumored for a few days now, the change became official as of yesterday, which means that anyone who bought an “advanced device” prior to the 14th is in the clear. The advanced device list can be found on Verizon’s site, and as you might expect, it’s a little broad and ridiculous — winners like the Versa, Exilim, and Glyde are on there, so they’re obviously not just referring to smartphones. They throw you a bone by reducing the ETF by a stout $10 for every month of the contract you successfully hurdle, but that still leaves you with a $120 ETF 23 months into a 24-month deal… so yeah, just be careful out there and don’t do anything rash, alright?
I was talking with someone about purchasing a Droid last night. I saw this today from Engadget about a huge jump in the ETF fee associated with smart phones from Verizon. I think that just like their major competitor, they can’t handle the new phones and so would appear to be hoping to freeze the early adopters into not canceling, or make a lot of money from them when they do. If they put this time and effort into the network, they would own the market.
Article is reprinted below for my storage, please go to the Engadget site http://www.engadget.com/2009/11/15/dont-shop-drunk-verizons-350-etf-is-now-live/ and read the actual article, comments, and see any possible responses.