I think they'll honor it as some said they talked to techs that said it was there and available for a short time. Seems like a few of us got lucky is all.
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I had also seen comments from people who said the reps were telling them that it was a glitch and basically sorry for the inconvenience but if they try to activate it then they will be put down to 2GB data tier. But that being said, this will all come to light in a major way, i'm quite certain that many people upgraded when they were given the chance. Some reps said it was a promotion, some said glitch, some just had no idea what was going on, and others didn't care, so it's quite a large variety of what was said. I can only verify what was said to me over the phone when I was trying to apply a discount to the GNote3 preorder. I was told by the rep that he wasn't sure why they were being able to select the older plans with unlimited data, but that if it was a glitch that verizon could retro-act a 2GB tiered data to anyone who did it that way, BUT he did also confirm that it would be a change in contract for some which would allow them out of it, and for the rest it would be within the 14 day window of return and they could just return the phone and change the account back to the previous one. He did not weigh in on whether or not he thought verizon would honor it or not, but said to him it seemed to be at least worth the try. The rep did tell me to make sure I hold on to my confirmation notice that shows the unlimited data as still being on my account after having upgraded my phone, I would assume this was for me to have more ground to stand on if I called them up and complained.
As others have pointed out, this would not go against a bait and switch lawsuit because it was a good faith error, from at least what we know of the situation. This also would not be a breach of contract for some, because since we are on preorder status, the contract does not take effect until the time the phone arrives and we activate it. For those who have actually already gotten their devices, I would imagine the hassle of dealing with them would be outweighed by just letting them keep their unlimited data they upgraded to, the reason I think this is because there was also many people who stated when they tried to go in and get it activated that store managers were not letting people get their devices without moving to the tiered data. But for those of us on preorder status we might get the short end of the stick because we have no leg to stand on until we actually activate the device, and they could easily cancel all preorders done this way and send a notice that they must resubmit a new preorder that did not have an unlimited plan if they were getting the subsidy. Though I would hope that Verizon takes the moral high ground on this one and allows for the users who took advantage of this "glitch" to keep what they had already done, but if the past is any vision of what they will do, then we on preorder status are most likely going to lose the phone, with many upset people cursing Verizon's name.
*Edit* I will say though, as I did in the other thread that I do believe this was an actual glitch. The reason being is that from what the rep told me over the phone they had just recently changed to a new phone upgrade web system. Knowing that, I would imagine that they were probably in the test environment with it, and forgot to remove these items when they went to production, all of the older plans would have to be in the system until no one uses that plan. But this is all on the premise that this system was just rolled out this weekend, he never did say how "new" the system was.