There's virtually no indication on the box that this Apple iPhone is something different.

Turn the box around and you can tell, if you look closely, it's a Verizon iPhone.

Open the box and you find a familiar-looking phone.

Can't keep this phone in a box forever.

Here, we spread out all the pieces of Apple's always elegant product packaging.

Apple always packages all the cables so neatly.

We can tell you that this phone feels just like the AT&T one.

Yup, it looks almost exactly like the AT&T iPhone except for that tell-tale sign in the upper left hand corner.

For the sake of comparison, here's what our AT&T interface looks like.

Now we've flipped the phone around. Looks almost exactly like the AT&T iPhone.

A look at the bottom of the Verizon iPhone: Still hard to see any differences between it and the AT&T model.

Here's where you first start to see some subtle differences between the AT&T and the Verizon model.

Apple tells us that the Verizon iPhone buttons are in a slightly different position than those on the AT&T model.

AT&T's iPhone is on the left, the Verizon iPhone is on the right. No real differences.

Ah, the first real differences between the phones. AT&T is on the left and Verizon is on the right. Note that there's only a single break in the antenna band on the [[AT&T]] iPhone. Also, you'll see that while there's a removable slot cover for the AT&T SIM card, the Verizon iPhone has no such slot.

Once again, there's a change in how Apple broke up the antenna. The Verizon iPhone, on the right, has no break on the top.

The buttons between the two iPhone look the same, but Apple moved the Verizon ones (on the right) just a bit.

These look virtually identical.

Apple had to create a Universal bumper to accommodate iPhone 4's on AT&T and Verizon

Getting set to put this bumper on the Verizon iPhone.

Just to be sure, we made a FaceTime call between the Verizon and AT&T iPhones. Everything worked just fine, though our AT&T connection was so thready that we almost couldn't make the initial Cell call.

The new Verizon iPhone can act as a personal hotspot--a trick the AT&T iPhone cannot match.

Apple and Verizon make it dead simple to share your 3G data connection with up to five other users. It auto-generates a password (you can also set up your own).

You can connect via Bluetooth, USB or Wi-Fi.

The Verizon iPhone will always show you how many people are connected to your hotspot. If the number is greater than you expect, you may have a leach on-board.