Verizon Event Next Week: Could It Be An iPhone Announcement?

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[Update: Wall Street Journal is now confirming the report so we’re crossing our fingers that the news is true.]

Let the craziness begin. According to All Things D, the subject of the January 11 Verizon New York City press conference will likely be about the long-awaited Verizon iPhone. Insiders tell the blog that Verizon President and COO Lowell McAdam will make the announcement. Whether or not Steve Jobs will be there as well remains a question, but it’s typical of Apple to make a product announcement outside of big conferences like CES.

Boy Genius Report reports that Apple has blacked out employee vacation requests between February 3rd and February 6th, which is a Thursday through Sunday. When the iPhone 4 was launched with AT&T, a similar stipulation was made. Verizon usually launches new products on Thursdays, leading speculation to say the phone will be released on February 3.

More on TIME.com:

CES: No iPhone, But 10 New 4G Devices From Verizon

AT&T Slashes iPhone 3GS Price To $49

World’s Largest iPhone Debuts in London