Verizon is offering its Virtual Private Cloud as an alternative to existing customers. Verizon claims that it will be even better since it offers "the cost-effectiveness of a mufti-tenant public cloud, but includes added levels of configuration and control." Pull the other leg, it has bells on.
Expecting Verizon's few public cloud customers to migrate to its private cloud offering may not be insane, but I expect few clients to follow them.
I also expect this move will hurt all the other second-tier cloud customers. While businesses are realizing that putting their IT on the cloud makes sense, who would trust their cloud to a vendor who might leave them high and dry with only a few months notice? None that I know of.