[UPDATE]: The Verizon iPhone jailbreak has now been released.
Is it possible to jailbreak Verizon iPhone 4? Yes! This is a photo of a jailbroken Verizon iPhone 4 on iOS 4.2.6 by Lunch80x (click image above for full size). It was jailbroken using Chronic Dev Team's greenpois0n software. The greenpois0n software used to jailbreak this phone is unreleased, but it will be released as soon as it's ready. The current version of greenpois0n is not compatible with Verizon iPhone 4.
This is good news for Verizon iPhone users. So who here has a Verizon iPhone and is planning to jailbreak? Let us know in the comments!
Thanks for the tip jazzy!