Verizon CFO Fran Shammo confirmed during the company's quarterly earnings call that Verizon Wireless was working on a new, more frequent phone upgrading scheme called Edge, but didn't elaborate much. As it happens, that was because Verizon's Wireless arm was just about to pull back the curtain on the program ahead of its August 25 launch. Here's the skinny: if you're on one of VZW's Share Everything plans and skip the annual contracts in favor of a month-to-month deal, Verizon will split the full retail price of that phone over 24 months. Want to ditch that phone for a new one? That's just fine as long as it's been at least six months since you got it and you've paid off 50% of the device's cost. Let's say for the sake of argument that you're eyeing up an iPhone and plan to upgrade your phone as soon as you have the option.