That's right everyone, it's time to officially shut down the rumor mill. Verizon and Apple have teamed up this morning to officially announce what pretty much everyone thought has been in the works for a long time: The iPhone 4 is coming to Verizon.

Lowell McAdam, the COO of Verizon, teamed up with Apple COO Tim Cook this morning at a press conference in New York City to make the announcement. Stating that over a year's worth of testing has gone into making a CDMA iPhone happen in the U.S., Verizon is stating that their network is finally ready for the iPhone 4. Pre-orders are slated to begin on February 3rd with a full launch date, both online and in-store on February 10th. Prices will be $199 for the 16GB, $299 for the 32GB version and both will have mobile hotspot ability for tethering up to five devices.