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If the first thing on your mind when you got your Verizon iPhone 4 was jailbreaking it, you won't be disappointed. A jailbreak tool has already been released by greenpois0n that should fix you right up. This is for the current iOS version (4.2.6) and there is of course both a Windows and OSX version.
To find out more, you can check out our Verizon iPhone specific section here: Verizon iPhone Forum - iPhone Forum
Our iPhone Hacking / Jailbreaking section here: iPhone 4 Hacking - iPhone Forum
Also, here are links to the necessary files: OSX Version, Windows Version.