Verizon reveals iPhone 4 hotspot pricing

Remember that cool WiFi hotspot feature that was revealed at the Verizon iPhone 4 event? Remember how we all salivated? Well, it's time for those dreams to come crashing back down to earth as we get a look at the pricing.

Verizon Wireless’s Executive Director of Corporate Communications, Brenda Raney spilled the beans to Macworld. In a nutshell, here's what it'll cost you:

• $20 per month on top of a voice and data plan which gives you a separate 2GB hotspot data allowance
• Go over that 2GB and you'll be charged $20 per GB!

No wonder Verizon didn't want to reveal this information during the iPhone 4 announcement, it would have been a real downer.

Why can't this simply fall into the data plan allowance? Oh, because it's a chance to chisel more cash from users ...