The past few days have been centered around iPhone news, particularly concerning Verizon Wireless - news that Verizon may launch an iPhone this summer, or in 2010, or when LTE rolls out, or not at all.  No one really knows - well, apparently an important group known as "those familiar with the matter" know, but they can't seem to make up their minds as to when this mythical device will fall out of the sky and into Big Red's lap.

Another interesting rumor has come to light, and yes, it's by those same people "familiar with the matter" - but it does take the light off of Apple's pride and joy ever-so-slightly.  According to an article published in The Wall Street Journal, Microsoft and Verizon are in talks to launch an iPhone rival early next year.  Codenamed "Pink," the device will run a version of Windows Mobile and will most likely offer Windows Marketplace for Mobile, adding new software capabilities for what will be a touchscreen-only device.  What's more, the device manufacturing will be managed by Microsoft, but designed by an outside firm.

The iPhone rumor could be feasible when LTE takes hold, but it's highly unlikely during CDMA's remaining lifespan, which is what the USA Today article eluded to.  To Microsoft, all we have to contribute is a resounding "it's about time!"