What Just happened: Just as Gizmodo, and to a lesser extent I believed, Verizon has won the auction for rights to the 700Mhz chunk of the US airwaves. The Giz has a handy guide here about why that’s important, and what it is.
Why that’s not so great: Simply put, Verizon doesn’t really change things.
When Google threw their hat into the ring, opinions were divided on whether it was purely to save face, but I thought that a Google-owned 700Mhz band would have been far more interesting.
More info after the jump>