Today at work I was having a conversation with a coworker of mine over the upcoming release of the iPhone 4. We concluded that we will wait for the next Verizon iPhone to be released before we think about getting an iPhone on the Verizon network.

Although many AT&T users will be rushing to switch from the multiple dropped calls in a row and unstable network, it would be best to wait for the next version before you make the big switch. Remember that all Verizon and Apple will be announcing is a new carrier for the iPhone 4, not a new version of the iPhone.

Just like it has since 2008, Apple has been releasing new versions of the iPhone at almost the exact same time every year. That means about six months from now Steve Jobs will be back on the stage showing us the iPhone 5, so you’re basically paying for a $300 phone to use for six months before your iPhone 4 looks outdated and you want to buy the next installment in the iPhone series. In some mystic way the next iPhone will be better than the one being announced later this week.

Another point to consider is that if you pick up the iPhone 4 now, you are locked into a two-year contract with Verizon and you won’t be up to get another phone for another year to year and a half. Now watch out, Verizon may come out with some deal or special to entice users to switch their iPhone 4 to the Verizon network, essentially trapping them for two years in a contract. They will not only miss the iPhone 5, but they will then have to wait for the iPhone 6 to be released before their contract may be up again to get a new phone.

Looking at the trend it is indisputable that in June of this year another iPhone will be announced and the bigger question is, are you going to switch now or will you wait out your current contract for another six months to then be the owner of the fabulous iPhone 5?

On one last note though, my coworker also pointed out that this update might be like the 3Gs and not be that much different with it. Then again, Steve Jobs never stops for anyone or anything.