According to Consumer Reports it would seem as though the Verizon iPhone is seemingly identical to its AT&T counterpart. That is to say it pretty much rocks in every way but the antenna. For this reason it was shunned from the recommended list with the group. The other news here is that they also did not recommend it for AT&T.
No one seems to be affected by this news, certainly none of the people we know. While we do know people with a few dropped calls from time to time, they appear to be an acceptable cost of doing business.