I would suggest that the best iPhone alternative currently available from Verizon would be the BlackBerry Storm.
http://www.blackberry.com/blackberrystorm/
http://www.blackberry.com/blackberrystorm/images/photos_full_front.jpg

Specifications from BlackBerry:

Available Features

Camera (3.2 MP)
Built-in GPS
Media Player
Video Recording
BlackBerry® Maps
Wireless Email
Organizer
Browser
Phone
Corporate Data Access
SMS/MMS

Size and Weight

Height:
4.43 inches (112.5 mm)
Width:
2.45 inches (62.2 mm)
Depth:
0.55 inches (13.95 mm)
Weight:
5.5 ounces (155 grams)
Source(s):
http://www.blackberry.com/blackberrystorm/

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the LG dare it is a good phone that is less expensive and doesn't have as expensive as a bill as the iphone and it has good camera and responsive touch screen.
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I would definitely wait out any expiring contract until June. The WWDC is set for June 8 at 10 a.m. There are rumors of an "iPhone nano" like device being introduced by Apple at this event.

I switched to AT&T because of the crap phones that Verizon had. Seeing them pass up the iPhone, Android Phone, and the upcoming Palm Pre, I'm guessing they must have something up their sleeves. Supposedly they have 4G capabilities with their network and will probably pick up the iPhone in 2010 when the Apple/AT&T contract expires in 2010. The BlackBerry Storm is crap, in my opinion, it is way too laggy and the touch screen takes some getting used to.

It is nearly impossible to find a phone that compares to the iPhone from Verizon, the App Store kills the competition. Verizon thinks their Voyager is iPhone competition, enough said.
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This is a comparison of iphone to LGdare. As you can see LGdare is a great alternative and the closest thing to iphone for verizon.

The LG Dare is probably one of the more popular iPhone “alternative” out in the market today. It sports features that many people clamoring to be included on the popular phone from Apple. It has features like mobile TV and 3G connectivity,

iphone vs LG Dare

Display
iPhone 3G: 480 x 320 Touch Screen
LG Dare: 400 x 240 Touch Screen, with Tactile Feedback
Winner: Even

Camera
iPhone 3G: 2M pixel
LG Dare: 3.2M pixel
Winner: LG Dare

Video Recording
iPhone 3G: No
LG Dare: 640×480, 320×240, 176×144
Winner: LG Dare

Bluetooth
iPhone 3G: Limited
LG Dare: Supports stereo headset, file transfer
Winner: LG Dare

WiFi
iPhone 3G: Yes
LG Dare: No
Winner: iPhone 3G

GPS
iPhone 3G: A-GPS. Google Map. No turn by turn navigation.
LG Dare: A-GPS. Supports turn by turn navigation with real time traffic.
Winner: LG Dare

Memory
iPhone 3G: Built-in 8GB or 16GB
LG Dare: Internal 1GB. Supports external 8GB
Winner: iPhone

Music
iPhone 3G: iTune
LG Dare: VCAST, Rhapsidy
Winner: Even

3rd Party Software
iPhone 3G: Apple AppStore
LG Dare: Supports BREW applications
Winner: Even

Price:
iPhone 3G: $199 with 2 year contract
LG Dare: $199 with 2 year contract
Winner: Even

Service:
iPhone 3G: AT&T Exclusive in US
LG Dare: Verizon Exclusive
Winner: LG Dare (Verizon has much better coverage)
Overall Winner: LG Dare


Source(s):
http://www.pcmag.com/article2/0,2817,2321573,00.asp

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