http://www.joikuspot.com/aboutJoikuSpot.php AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA! LOOK AT THIS!!! IZZZZZ BEAUTIFUL! Sadly, it doesn't mention Verizon anywhere, but stiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiill!
It also never mentioned the iPhone. So I don't think it's compatible. There was netshare in the appstore but it violated AT&T rules so it got pulled. If your JB'ed there's PDA net and you'll need the keep awake app because the iPhone will terminated a network signal after 30sec to conserve battery. Do you know anything about the device your posting about? Then again if you want verison I suggest you get a BlckBry Strm and post about that.
That's pretty cool. I've always thought of this before oddly enough. Pretty near seeing it in action.