Well, if it’s under 30 days since you signed the Verizon contract you can still get out of it. Otherwise they will require you to pay an early termination fee of around $200.

There are web sites you can google for that tell you tricks to get out of contracts, some more ethical than others. One of the more ethical ways is probably http://www.celltradeusa.com/

When you sign up for AT&T on your iphone, be sure to use the trick I described earlier on the blog, which I don’t think is unethical. Namely first buy a subsidized phone like blackberry or treo, then switch that contract to iphone, and sell the subsidized phone for full price on ebay. Effectively moves the subsidy to your iphone.

Or there are tricks to get your iphone with no contract (enter bad SSN to fail credit check, they will offer you prepaid.)