Rumors abounded before the iPhone launch that Verizon (VZE) was developing an “iPhone killer” and was the reason they turned down Apple’s (AAPL) overtures. Now, there are more rumors that the possibly upcoming GPhone from Google (GOOG) was shopped to Verizon and it also turned it down.

It all begs the question? What does Verizon have in the wings? Based on it’s history, any product from Google is going to be incredibly affordable (unlike the iPhone) and be easily adaptable to existing formats and outside programmers. Now, if that is true and they are going to several providers to shop it (again based on rumors) one must think that Verizon feels it has something very special in the works to turn down both phones.