From what I have been reading, the iPhone on Verizon will only run on the 3G network. The next version of the iPhone will run on 4G but won't come out until near the summmer. If on Feb.09, HP unveil WebOS tablets and smartphones that run on Verizon's 4G and is available before summer, then big advantage for HP. I think this scenario will play out since HP and Verizon already announced notebooks with 4G capabilities.
When asked if HP can come out with something that can compete against the iPad, he said to ask him that on Feb.09. So he is pretty much saying that the WebOS tablet will be announced on Feb.09. He also say that on Feb.09, we will be able to see the "breadth" of WebOS products....a clue that they will show other products other than a tablet.