Mobile Broadband Connect???

YourMobileGuru

Formerly VZWRocks
Feb 25, 2010
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Settings > Wireless & Netorks

Mobile Broadband Connect (with a checkmark).

I don't recall seeing this before the update. Can someone who had not gotten it yet check? Is this new?
 
Not new. This is so you can use your phone as a modem for a laptop (tethering). I beleive theres some sort of monthly fee to do that as well. I also beleive there is a app on the market that does the same thing, but you may or may not incur additional fees or the wrath of verizon lol.