Only hardware difference, antenna is CDMA as opposed to GSM. For you non geeks and engineers, that means that it can not do data and phone at the same time so expect to have your browsing sessions interrupted or some missed calls; it is also older & slower than the GSM network therefore you will have much more limited access in foreign countries (important note: this iPhone will not be compatible w/ Verizon's new and improved LTE 4G network they are currently installing. A positive about the Verizon iPhone is that they will allow you to use the phone as a MiFi hotspot...no word if theres an extra price for that though.
--more info at the live blog HERE
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