For everyone that's currently on Verizon's LTE, you've signed up for it because you are one of a few (hundreds of thousands) that want's to be early adopter, on a bleeding edge of tech world and experience it before most of consumers. You've signed up for a technology that is still being optimized and the chipsets are still power hungry, therefore you battery suffers.
But, you were the smart one for locking yourself into the unlimited data/tethering for at least two years, and as the LTE industry is growing and technology advancing, you will be the one that will win in the long run, and enjoy that LTE the way it's supposed to be enjoyed. With that unlimited data out of 73mbps pipe (per sector).
So you can either wait, and wait, and never be happy with how well your phone benches, or you can love every second of the fastest mobile network available for smartphones in the WORLD. Sell your phone in a few months, and buy outright the next hot LTE phone and keep your contract.
On a sidenote, Bionic really looks outdated (esthetically) I was expecting a handset that would compete with other beautiful industrial engineered phones on the market, but Moto failed again. That said, loads of dual-core LTE phones are coming around the same time to Verizon and it'll be interesting to see if Motorola's strategy pays off.
Respect for your strong opinion, and I know your fellow 4G LTE residents are more likely to agree than someone like me that lives in a state with a much smaller population, but I disagree a little bit here and there ...
1. I don't think the outdated design we saw in January is going to be what we get. With beautiful devices like the Sensation and the SGSII with killer designs and ergonomics, there's no way Motorola's not going to compete from a design standpoint. I think the pictures are going to be more in line with what you see in the leaked dock photos from Amazon. If so, that's not a bad looking device at all. I'm not a fan of the worthless hump to accommodate a worthless physical camera shutter, but if that hump houses extra communication tech, then I'll just "shut the front door" about it.

Other than that, it's a pretty sweet looking phone. I really am not expecting the bland and bulky looking device that we already know was scrapped for good reason.
2. I would have MUCH rather preferred 3.5G such as what T-Mobile and AT&T offer. We're talking about a PHONE. Speeds 3-5 times faster than Verizon's 3G are fantastic for a phone, and still faster than much of our nation's home delivered broadband!!! I've already pointed this out, but this is just an answer for you. To get 4G LTE you're having to sacrifice device size/ergonomics, possible heat issues, battery life, and until the Bionic releases, you have to sacrifice
dual core power.
If being on the bleeding edge and having your fancy signature speedtest image is worth sacrificing all that, be my guest. But I could have 3-5 times my 3G speeds, enough to stream netflix HD video with ease, a dual core device, a thin, ergonomic device, AND good battery life, on two competing networks.
Yoda says the Bionic solves those issues. I hope he is right, and that Moto has put this extra time and development to good use, but right now the cost for 4G is too great unless you really need it. That's why I qualify this answer by saying that I recognize that there ARE people that do need it. I understand. Go ahead and sacrifice dual core power to get your LTE. That's what Verizon is limiting us to right now, anyways. I would have much preferred AT&T and T-Mobile's device and wireless speed progression so I wouldn't have to sacrifice so much just to have something better than 3G.
Is 3G getting long in the tooth? Yes. But Verizon's three LTE handsets are having to sacrifice other design aspects to win speed tests and boast about their network still being the best. Yes, LTE is the fastest, but superior phones are found on EVERY other nationwide carrier.