how do you figure this will be unlocked? it will only work on verizons cdma network. why would i want an unlocked phone that can only work on one network? its kind of like the unlocked version for tmobile, it only really works with tmobile.
I think that the real wording is "unsubsidized". But it is also unlocked - if there is another CDMA carrier that allows it, you should be able to activate it on that carrier. (Internationally, for example. Or on US Cellular, though it's possible that, like Verizon used to be, they will not allow you to activate ESNs that were not sold by them.)
And, if you have an existing month-to-month contract with VZW, you can activate on there without signing on to a new contract.