With the advent of the Nexus S, I would be willing to bet that the HTC Merge that has already found it's way to Phil's hands has been delayed for now so that it can be fitted with an LTE radio so that Verizon will have an LTE phone in Q1 that is not the Nexus S.
The sting of the 1st and 2nd "4G" Android devices being launched on the smaller Sprint and T-Mo networks is probably still in VZW and ATT's side. Since ATT was arguably the last to really join the Android ball game, I can't see Verizon slow-poking around for an LTE handset. I'll be surprised if Q1 2011 finishes without VZW launching or at the very least announcing an LTE handset.