First, I do not have this fully confirmed. However, I have been given enough pieces to feel that its solid.
First, this deal is separate form the roll out of Moorola devices on Verizon. Second, it implies that ther eis a 3rd party that is the hardware OEM partner, no news on who that may be. Third, it does mean that the w3c JIL web widget technology seen on Ophone might be coming to Android sooner than expected