It does flash most the time. Why wouldn't they do it without gsm?
iPhone is a "world phone". CDMA is mostly US and Japan. Apple can sell more GSM phones than CDMA.
Verizon still wants the iPhone, as noted in recent news. It will take Apple a year or so to reengineer hardware and software for VZ. Apple also has to wait for ATT contract to expire. ATT wants to keep iPhone and will do what they need to do to make sure it stays only GSM, and doesn't have special features developed for ATT running on other GSM networks.
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