The MiFi is a tiny (3.5 by 2.3 by .4 inches) Linux-based Wi-Fi router that weighs about 2 ounces. Unlike the wireless data cards offered by cellular providers, MiFi allows up to five computers or other wireless devices to share a single broadband connection on the .

Theoretical download speed is 3.1 Mbps, which is shared between all devices connected to the MiFi. Your download speed is more likely to be in the 1 Mbps range, again shared across all five connected devices.

The most interesting part of Verizon's announcement is the pricing: $269.99 for the device and $15-a-day for unlimited use. That is a good deal for broadband, multi-device connectivity where a normal Wi-Fi hotspot is not available.

Because MiFi is something I will not use more than twice a month, that pricing works best for me. When I am using the MiFi it will be with multiple computers and moving a fair amount of data, so the unlimited use pricing is a big deal to me.

Other pricing includes $99.99 for the hardware (after a $50 mail-in rebate) and $59.95-a-month for 5 GB of data or $39.99-a-month for a (to me) useless 250 MB plan.